Fix and Flip - Warren, MI

Location: Warren, MI.
Borrower Profile: New client.
Work Description: Fix and Flip.
Purchase Price: $90,000.
Loan Amount: $70,000.
Loan Structure: 6 Months, Interest Only Payments.
Situation: This borrower had another lender that couldn't close at the last minute. The opportunity came across our desk and we closed within four days of our first conversation. The borrower will give this property the flip it deserves and put it back on the market.