FIX AND FLIP LOAN
Chicago, IL
BEFORE
AFTER
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.