Asset Based Lending recently funded a hard money fix and flip loan in Westport CT. The borrower is a repeat borrower and experienced real estate investor. The property is a 5-bedroom, 3-bathroom that’s being transformed into a 4-bedroom, 3-bathoom by greatly expanding the master suite and measured at a total 2,655 square feet. This gut renovation will focus on opening the current home layout and updating the kitchen and bathroom areas. Exterior updates will include fresh landscaping, roof repairs, partial siding replacement, new doors and potential for new windows. Interior renovation will include the expansion of master suite, refinishing the flooring, and repairs to the sheetrock as needed. Kitchen will receive granite countertops, stainless steel appliances, and new flooring. Project is expected to take eight months with final sale occurring shortly after completion.
