FIX AND FLIP LOAN
PHILADELPHIA, PA
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The Numbers Behind the Flip*
Project Duration
February 2022 - December 2023
Loan Amount
$158,499
Purchase Price
$76,050
Construction Budget
$75,000
Client Contribution
$7,499
Total Project Cost
$151,050
ARV
$230,000
Resale Price
$312,000
*At the time of initial funding
This Philadelphia, Pennsylvania fix-and-flip project highlights how experienced investors can create exceptional value even when a project takes longer than anticipated. Barnett REI Finance funded a $158,499 loan to support the purchase of the property for $76,050 and a $75,000 renovation budget. Although the project, which began in February 2022, was originally expected to pay off in March 2023, the borrower remained committed to executing their vision. The property ultimately sold in December 2023 for $312,000—well above its projected after-repair value of $230,000—demonstrating that patience, quality renovations, and the right financing partner can lead to outstanding results.
Profitability & Lessons Learned
Inside the Deal
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935 Susquehanna