Roosevelt NY Cash Out Refi & Rehab Loan
Address: Roosevelt, NY
Purchase Price: N/A
Renovation Budget: $60,000
Loan Amount: $180,000
Loan Structure: 12 months interest only
Loan Purpose: Cash Out Refi & Rehabilitation
ARV: $300,000
Situation:
This husband and wife investor team bring extensive real estate experience to the table. The primary borrower has completed over 10 similar projects and is the President of the Long Island Real Estate Investor Association, and her husband is a licensed contractor. The property was purchased as a short sale, and the investors estimate 6 weeks for the renovations.
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