An excellent job by some of our regular borrowers. This perfectly located home underwent a full remodel. The borrowers added square footage, opened up the floor plan and let in the light! They created a gem. After only 35 days on the market, this house became a home, and the borrowers made off with a nice profit.
Acquisition Loan Amount: $180,000
Construction Budget (approximate): $100,000
Cost of Loan (approximate): $19,000
Purchase Price: $225,000
End Sale Price: $406,000
Location: Indian School Rd & Central Ave (Phoenix, AZ)