$140,000

Barnett REI Finance provided an $85,850 renovation loan to support the acquisition and rehabilitation of a single-family investment property in Kankakee, Illinois. The borrower purchased the property for $25,000 and completed $76,000 in renovations to transform the home for resale. With a projected after-repair value of $150,000, the project presented a strong value-add opportunity. Following the completion of renovations, the property was successfully sold for $140,000, allowing the borrower to execute their exit strategy and realize the value created through the renovation.