FIX AND FLIP LOAN
Berwyn, Illinois
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The Numbers Behind the Flip
Timeline
August 2023 - May 2024
Loan Amount
$250,750
Purchase Price
$205,000
Construction Budget
$90,350
Client Contribution
$44,600
Total Project Cost
$295,350
ARV*
$415,000
Resale Price
$459,000
*ARV at the time of initial funding
After a successful first project with us, a Chicago investor returned for another fix-and-flip—this time in Berwyn, IL. The outdated home had great bones but needed a full transformation to reach its potential. With a purchase price of $205,000 and a $90,000 renovation budget, the borrower went to work, modernizing the space and maximizing value. Initially projected to sell for $415,000, the finished home exceeded expectations, closing at an impressive $459,000. A great reminder that with the right vision and financing, opportunity is everywhere.
Profitability & Lessons Learned
Inside the Deal
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2313 Home Ave, Berwyn, IL 60402