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Hard Money Fix and Flip Loan in Plainview, New York

Address: Plainview, NY
Borrower Profile: Experienced Investor, Builder, and Licensed Electrician
Purchase Price: $450,000
Renovation Budget: $250,000
Loan Amount: $568,000
Cash Available for Purchase: $318,000
Cash Available for Renovation: $250,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $910,000
NY fix and flip lender
Hard money fix and flip lender in Plainview NY

Situation:

This borrower is a jack of all trades and is well equipped to rehabilitate a single family home like this New York property. His multi-faceted abilities as investor, builder, and electrician will allow him to turn a $250,000 rehab budget into a $460,000 increase in the two-story home’s value. He has planned his renovation in detail, down to the paint selection – Benjamin Moore Ultra spec. in Eggshell. This home will undergo a major transformation and our borrower will end up with a home worth nearly a million dollars if he sticks to budget and schedule, which we fully expect him to do. We’re excited to see all this investor’s hard work pay off!

New York fix and flip loans
NY fix and flip loans
Fix and flip hard money lender in Plainview NY