Asset Based Lending recently funded a hard money fix and flip loan for a highly experienced real estate investor in Stratford Connecticut. The property was purchased for $310,000 with a loan amount of $276,000. The scope of work for this 2,022 square foot ranch includes new vinyl siding, windows and gutters, and a rear deck replacement. Interior renovations will include gutted kitchen and bath, refinished hardwood floors, new laminate basement flooring, new trim and doors throughout, and a new HVAC system. The 5-bedroom 1.5-bathroom will be a 4-bedroom 2.5-bathroom after renovations. The investor plans to sell the property after a projected five-month timeline.
