A Foreclosure Fix and Flip

Baltimore, MD

$56,000

Purchase

$110,000

Rehab Budget

$230,000

ARV

A foreclosure rowhome and a borrower we have grown with, one deal at a time.

This Baltimore rowhome came out of foreclosure and into the hands of a borrower who was new to real estate investing when we first met. We have since funded a number of deals together, and that history made this one an easy yes.

The plan is a flip: a $56,000 purchase and a $110,000 rehab budget, underwritten against a $230,000 after-repair value. It is the kind of straightforward, well-scoped project that makes for a strong flip when the plan is sound and the borrower knows how to execute it.

Foreclosure properties move fast and reward operators who can move with them. We are built to keep pace with borrowers we trust, deal after deal.

How we lend: When a borrower brings a realistic scope and a clear exit, our job is to fund quickly and stay out of the way. We would rather be the lender that lets a good operator work than the one that slows them down. Figures shown reflect this specific project and are not a prediction of results on any other deal.

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Have a Flip Ready to Go?

If you have a realistic scope and a clear exit, we can move. Apply online or talk it through with Shaun.

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