Miami Florida Hard Money Loan For Fix And Flip
Address: Miami, FL
Borrower Profile: Experienced Investor & Builder
Purchase Price: $281,900
Renovation Budget: $23,000
Loan Amount: $245,000
Cash Available for Purchase: $222,000
Cash Available for Renovation: $23,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $380,000
Situation:
Asset Based Lending recently funded a hard money loan for a fix and flip investor in Miami, Florida. This investor is a returning ABL borrower, as well as an experienced real estate investor and builder. The scope of work for this renovation includes updating the kitchen and bathrooms, repairing some of the electrical system, replacing windows, as well as a new driveway.
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