$50k Funded for a Single-family Residence Renovation in Tonawanda, NY

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.0.47″][et_pb_row admin_label=”row” _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text admin_label=”Text” _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] Working with a borrower from New York, we provided 57% of the funds needed to purchase a distressed single-family residence and provide extensive renovations.

                        

Before/After                                          


 
Once renovations were finalized, the value of the property increased by double its initial purchase price. The borrower sold the property for $127,000 and repaid the loan in 6 months.

 

Additional Photos of the property:

 

Before/After             

After




 
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