Fix and Flip - Novi, MI

Location: Novi, MI.
Borrower Profile: New client.
Work Description: Fix and Flip.
Purchase Price: $171,000.
Loan Amount: $140,000.
Loan Structure: 6 Months, Principal and Interest Payments on a 10 Year Amortization Schedule.
Situation: This borrower found this waterfront Novi property that needed a facelift. We look forward to seeing the transformation.