FIX AND FLIP LOAN
Chicago, IL
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The Numbers Behind the Flip*
Project Duration
July 2021 - April 2022
Loan Amount
$279,900
Purchase Price
$289,000
Construction Budget
$104,000
Client Contribution
$113,100
Total Project Cost
$393,000
ARV*
$480,000
Resale Price
$465,000
*At the time of initial funding
In July 2021, Barnett REI Finance funded a $279,900 loan to help bring new life to a Chicago property purchased for $289,000. The borrower moved with purpose, executing renovations efficiently and capitalizing on strong market momentum. By April 2022, the project reached a successful exit with a $465,000 sale, closely tracking the original $480,000 ARV. This project reflects the power of timing, precision, and a focused renovation strategy in driving strong outcomes in an active urban market.
Profitability & Lessons Learned
Inside the Deal
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6450 N Richmond
