Asset Based Lending recently funded a hard money fix and flip loan in Roslyn New York. The borrower is a repeat borrower and full-time real estate investor. The property is currently a 4-bedroom, 2.5-bathroom measured at 2,975 square feet that will be converted to a 5-bedroom, 4.5-bathroom measured at 3,400 square feet. Property will receive a rear dormer addition to extend the square footage and add additional living space. Kitchen will receive quartz countertops, shaker cabinets, and high-end stainless steel appliances. Existing baths will be entirely gutted and remodeled. Stairs will be located on main floor and several walls will be removed to add to the open layout. Project is expected to take six months with final sale occurring shortly after completion.
