Recently Funded Fix And Flip Loan In Gallatin, TN

Loan Scenario:

This fix-and-flip project involves a single-family detached home located in Gallatin, Tennessee. The property was purchased for $303,000, with a rehab budget of $25,800. The total loan amount secured for this project is $279,480, resulting in a Loan-to-Cost (LTC) ratio of 85% and a Loan-to-After Repair Value (LTARV) of 70%.

The after-repair value (ARV) of the property is projected at $400,000, indicating a significant potential return on investment. The planned renovations include a light rehab focused on cosmetic and functional upgrades. Key improvements will include:

• Flooring replacement throughout the home
• Deck replacement and gate renovation to enhance curb appeal
• Trash cleanup and dumpster disposal to clear out the property
• Bathroom remodels, including new fixtures and finishes
• Installation of new appliances
• Interior painting throughout the house

These updates are aimed at modernizing the property and boosting its marketability. The investor will utilize the financing to cover all hard costs associated with these improvements, ensuring a successful transformation.

The Gallatin real estate market has been steadily appreciating, with an average home price increase in recent years. This favorable market, combined with the renovations, positions the property well for a profitable sale.

By executing these cost-effective updates, the professional investor plans to maximize the property’s value and achieve strong returns in this high-demand market. ​