Decatur St- Brooklyn, NY

Work Description: Fix & Flip –  Two Family

As Is Value: $1,500,000

Renovation Budget: $240,000

Loan Amount: $800,000

Loan Structure: 12 Months Interest Only

Loan Purpose: Hard Money Fix and Flip Loan

After Repaired Value: $2,00,000

Situation:

Source Realty Capital recently funded the refinance and renovation of a two family home in Brooklyn, NY with a hard money fix and flip loan.  The borrower, a new customer, is an experienced investor that needed a lender which understands his capital needs.  Source Realty Capital was able to close this loan in a timely manner and provide the investor with the hard money loan they needed for the renovation budget.