FIX AND FLIP LOAN
Chicago, Illinois
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The Numbers Behind the Flip
Project Duration
August 2023 - June 2024
Loan Amount
$250,750
Purchase Price
$205,000
Construction Budget
$90,000
Client Contribution
$44,250
Total Project Cost
$295,000
ARV*
$415,000
Resale Price
$459,000
*ARV at the time of initial funding
Barnett Capital funded a fix and flip loan for a residential property in Chicago, Illinois, with a purchase price of $205,000 and a construction budget of $90,000. The project began in August 2023 and was completed by June 2024, showcasing an efficient turnaround in under a year. The investor implemented targeted renovations that added significant value, ultimately bringing the property to an after repair value (ARV) of $415,000. This Chicago fix and flip tells a clear story, when vision, execution, and the right financial partner align, real estate potential turns into tangible profit. With Barnett Capital’s support, the investor brought new life to the property, delivering both value and impact in one of the nation’s most dynamic markets.
Profitability & Lessons Learned
Inside the Deal
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2313 Home Ave