FIX AND FLIP LOAN
Chicago, IL
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The Numbers Behind the Flip*
Project Duration
March 2024 - May 2025
Loan Amount
$140,250
Purchase Price
$100,000
Construction Budget
$65,000
Client Contribution
$24,750
Total Project Cost
$165,000
ARV
$250,000
Resale Price
$255,000
*At the time of initial funding
In March 2024, Barnett REI Finance funded a $140,250 loan for a Chicago fix and flip. The rundown home was purchased for $100,000 purchase price and had a $65,000 budget for renovations. The loan was originally set to mature in September 2024, but ultimately paid off in May 2025. While it did have a longer hold, the borrower was able to sell the home for $255,000, which was above the original ARV of $250,000. This case highlights the importance of patience and the right capital structure in overcoming extended timelines.
Profitability & Lessons Learned
Inside the Deal
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10334 S Green St