FIX AND FLIP LOAN

Chicago, IL


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The Numbers Behind the Flip

Loan Amount

$161,500

Purchase Price

$70,000

Construction Budget

$100,000

ARV

$342,000

Timeline

December 2023 - June 2024

Resale Price

$356,000

In December 2023, a Chicago-based investor came to us after purchasing a distressed single-family home for $70,000. With a clear vision and a construction budget of $100,000, he partnered with Barnett REI Finance to bring the project to life. The planned after-repair value (ARV) was $342,000, but with smart renovations and great market timing, the property sold in June 2024 for an impressive $356,000. This deal showcases how the right financing partner can help investors maximize profits and move quickly from project to payoff.

Profitability & Lessons Learned

Inside the Deal

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