201-942-9089 [email protected]

West Haven CT Fix And Flip Loan Funded By Hard Money Lender

Address: West Haven, CT
Borrower Profile: Repeat Borrower
Work Description: Fix and Flip - Single Family
Purchase Price: $119,700
Renovation Budget: $30,000
Loan Amount: $125,000
Cash Available for Purchase: $95,000
Cash Available for Renovation: $30,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $210,000
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Situation:

Asset Based Lending is glad to have this repeat borrower back for another fix and flip project in West Haven, Connecticut. ABL funded a hard money loan for the purchase of 982 sqft single family property in need of $30,000 worth of renovations. The scope of work for this rehab project includes finishing the basement, adding a bedroom and bathroom, gutting the kitchen and bathrooms, as well as cosmetic exterior work.

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