FIX AND FLIP LOAN
Oakwood Hills, IL
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The Numbers Behind the Flip*
Project Duration
October 2021 - October 2022
Loan Amount
$119,000
Purchase Price
$130,000
Construction Budget
$77,000
Client Contribution
$88,000
Total Project Cost
$207,000
ARV*
$188,000
Resale Price
$245,000
*At the time of initial funding
Oakwood Hills, Illinois investors can often uncover significant value through strategic renovations, and this project is a great example. The borrower acquired the property for $130,000 and secured a $119,000 loan from Barnett REI Finance to help execute their investment strategy. With a $77,000 construction budget, the property underwent substantial improvements that transformed its market appeal. Originally projected to achieve an after-repair value of $188,000, the completed renovation far exceeded expectations, resulting in a resale price of $245,000. From acquisition in October 2021 to sale in October 2022, this project demonstrates how disciplined execution and a strong eye for opportunity can turn a modest investment into an exceptional outcome.
Profitability & Lessons Learned
Inside the Deal
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210 lake shore dr
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