Asset Based Lending recently funded a hard money fix and flip loan in Elizabeth City North Carolina. The borrower is a repeat borrower and experienced real estate investor. The property was purchased for $175,350 with a renovation budget of $57,068 for a total loan amount of $206,000. The property is a single-family 4-bedroom, 2-bathroom measured at 1,951 square feet. Renovation will be strictly cosmetic with updates to the interior paint and flooring, along with new appliances for the kitchen and a new HVAC unit for the home. Exterior will receive updated landscaping. Project is expected to take three months with final sale occurring shortly after completion.
