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Madison Wisconsin Fix And Flip Loan

Address: Madison, WI
Borrower Profile: First Time Borrower — Newer Real Estate Investor
Work Description: Cosmetic Renovation — Single Family
Purchase Price: $167,000
Renovation Budget: $50,000
Loan Amount: $183,000
Cash Available for Purchase: $183,000
Cash Available for Renovation: $50,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $333,000
Madison WI fix and flip
Fix and flip loan Wisconsin
Situation:

Asset Based Lending recently funded a hard money fix and flip loan in Madison Wisconsin. The borrower is a first-time ABL borrower and newer real estate investor. The property is a 5-bedroom, 2.5-bathroom measured at 1,200 square feet. Original homeowner is friends with the borrower and sold them the home at a reasonable price. This cosmetic fix and flip will focus on major updates to the kitchen with new appliances and countertops, along with minor updates to the interior & exterior doors, molding and trim upgrades, new light fixtures, and small updates to property exterior such as fresh paint and landscaping. The project is expected to take less than six months with the borrower selling the property shortly after completion.

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