A Funded Flip in Norwich, CT!

Repeat borrower looking to fix and flip a property in located in Norwich, CT with the intention of performing $48,000 worth of rehab before reselling. Property is in good condition, appraised for $305,000.00 as-is. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Loan structured and priced in accordance with the qualification model with an initial advance of 80.3% LTC and 100% of rehab costs funded at closing. Total loan amount at 75% of ARV.