Fix and Flip - Detroit, MI

Location: Detroit, MI.
Borrower Profile: Repeat Client and Experienced Rehabber.
Work Description: Fix and Flip.
Purchase Price: $45,000,
Loan Amount: $38,000.
Loan Structure: 6 Months, Interest Only Payments.
Situation: Next Bridge Funding recently funded a hard money fix and flip loan on this property in Detroit, Michigan. This was a repeat client and experienced rehabber. With new flooring, paint, kitchen, and bathroom, this property was as good as new. It took only 90 days from purchase to rehab and sell. This was a great example of how to turn a small living space into a nice, comfortable home.