A Boston Flip, Financed to Perfection
A savvy real estate investor in Boston, MA, recently completed a successful house flip, thanks in part to a strategic financing solution.
With a vision to transform a distressed property into a modern, desirable home, the investor secured a $560,000 Loan-to-Cost (LTC) at 85%.
This flexible financing allowed the investor to acquire the property and cover the initial construction costs of $105,788.
As the renovation progressed, the investor drew funds from the initial funding of $454,212 to cover labor, materials, and other expenses.
By leveraging this comprehensive financing package, the investor was able to execute a seamless renovation, maximizing the property's value.
The successful sale of the renovated home generated a significant return, demonstrating the power of strategic financing in the real estate investment world.
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