Fix and Flip - Taylor, MI

Location: Taylor, MI.
Borrower Profile: Repeat Client and Experienced Rehabber.
Work Description: Fix and Flip.
Purchase Price: $76,000.
Loan Amount: $80,000.
Loan Structure: 6 Months, Interest Only Payments.
Situation: This property needed some TLC and that’s just what our client gave it. We were able to fund the purchase of this property for our repeat client who had it back on the market in 90 days. They completely remodeled the kitchen, installed new floors, and gave the interior some fresh paint.