Project took a few months for the renovation and ended up being sold for $495,000, which is $50,000 more than the expected ARV! With an additional floor that contained rooms such as the master bedroom, rec room, and office study, this single-family home achieved more than 10% higher of its estimated sale price. Home received a finished basement with full bathroom, hardwood floors throughout both floors, tray ceiling in the master bedroom, and a kitchen highlighted by recessed lighting and granite countertops. The investor continues to be an active repeat-borrower with Asset Based Lending, choosing us as their hard money lender for fix and flips as well as new construction.
