Yonkers NY Fix & Flip Funded By Hard Money Lender
Address: Yonkers, NY
Borrower Profile: Experienced Investor & Repeat Borrower
Work Description: Purchase Only - Multifamily 5
Purchase Price: $650,000
Renovation Budget: $
Loan Amount: $520,000
Cash Available for Purchase: $520,000
Cash Available for Renovation: $0
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase Only
ARV: $725,000 (As-Is)
Situation:
Asset Based Lending recently funded a hard money loan for the purchase of a 5 unit apartment building in Yonkers, New York. The investor is an exceptionally experienced real estate investor and repeat borrower who plans to refinance the property with a bank loan in 7-12 months.
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