Fix & Flip – Baltimore, MD
Property Location:
Baltimore, MD
Borrower Profile:
Experienced husband and wife team (GC and Realtor) looking for an opportunity to invest in their community
Property Type:
Single Family Residence
Loan Amount:
$195,005
Renovation Budget:
$77,306
ARV:
$260,000
Loan Purpose:
Property Purchase and Rehab
Project Description:
Complete gut of interior of a classic Baltimore rowhome with an exterior living space addition
Situation:
Brookview Financial funded a Fix & Flip loan for the purchase and rehab of a rowhome in Baltimore, MD. The husband and wife team knew the market well from their professional experience as a general contractor and a real estate agent. Our borrowers completely transformed this 1,500 square foot, 3 bedroom, 1.5 bath home in need of roughly $77,000 in renovations. In addition to adding two more full baths, the scope of work for this extensive renovation project included gutting the kitchen and bathrooms, upgrading HVAC and electrical systems, finishing the basement, and adding a rooftop deck for additional outdoor living space.Why Brookview: Fairness and Community Impact. At Brookview, we believe everyone should win. We fairly structure each deal in order to bring about favorable results for our borrowers. These industry professionals knew the business and the market and wanted to make an impact. This husband and wife team took a sadly neglected property in their neighborhood and completely transformed it. Our value-add capital and their hard work and knowledge made an impact on their lives and their community.
