Monroe Connecticut Fix And Flip Hard Money Loan
Address: Monroe, CT
Borrower Profile: Experienced Investor
Purchase Price: $98,175
Renovation Budget: $67,650
Loan Amount: $140,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $240,000
Situation:
On his 5th hard money loan with ABL, this borrower is investing in a fix and flip project in Monroe Connecticut. The scope of work includes a moderate upgrade to the plumbing and electrical systems, as well as a new roof, siding, and all new flooring. The project is estimated to take less than two months to complete.
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