FIX AND FLIP LOAN
Nashville, Tennessee
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The Numbers Behind the Flip
Project Duration
September 2022 - July 2023
Loan Amount
$457,000
Purchase Price
$360,000
Construction Budget
$164,000
Client Contribution
$67,000
Total Project Cost
$524,000
ARV*
$637,000
Resale Price
$658,350
*ARV at the time of initial funding
In September 2022, Barnett Capital funded a $457,000 fix and flip loan for a residential investment property in Nashville, Tennessee. The investor purchased the home for $360,000 and completed $164,000 in renovations, delivering high quality improvements that added significant value to the property. Although originally structured as a 12 month loan, the project was completed ahead of schedule in just 10 months, with a resale price of $658,350, outperforming the projected after repair value (ARV) of $637,000. This successful Nashville flip reflects what is possible when efficiency and the right financing come together to outperform the market.
Profitability & Lessons Learned
Inside the Deal
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4026 Ivy Dr