FIX AND FLIP LOAN

Chicago, IL


BEFORE

AFTER

In December 2023, a Chicago-based investor came to us after purchasing a distressed single-family home for $90,000. 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. Right on track with the expected payoff date. This project shows that with flexible financing, investors can maximize value and successfully bring their plans to market.

Profitability & Lessons Learned

Inside the Deal

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AFTER

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The Numbers Behind The Flip*

Loan Amount

$161,500

Purchase Price

$90,000

Construction Budget

$100,000

ARV

$342,000

Project Duration

December 2023 - June 2024

Client Contribution

$28,500

Total Project Cost

$190,000

Resale Price

$356,000

*At the time of initial funding