Asset Based Lending recently funded a hard money fix and flip loan in Middletown New York. The borrower is a first time borrower and first time real estate investor. The property is a single-family 3-bedroom, 2-bathroom measured at 1,460 square feet. The project is mostly cosmetic with a focus on the kitchen and bathroom areas. Kitchen will receive Formica countertops with builder grade cabinets, refinished hardwood floors, and stainless steel appliances. Both bathrooms will receive new vanities and toilets, along with new fixtures where needed. Other updates include the repairing of interior stairs, and a fresh coat of paint for the property exterior. Project is expected to take up to four months with final sale occurring within one month of completion.
