FIX AND FLIP LOAN
Middletown, NJ
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The Numbers Behind the Flip
Project Duration
October 2020 - January 2021
Loan Amount
$309,510
Purchase Price
$269,000
Construction Budget
$88,500
Client Contribution
$47,990
Total Project Cost
$357,500
ARV*
$420,000
Resale Price
$400,000
*ARV at the time of initial funding
Barnett REI Finance provided a $309,510 loan in October 2020 to fund a fix-and-flip in Middletown, New Jersey, covering the $269,000 purchase price and an $88,500 renovation budget. Although the loan was structured as a nine-month term, the borrower completed the project in just three months and paid off the loan in January 2021. The property resold for $400,000 compared to an ARV of $420,000, demonstrating the borrower’s ability to deliver results quickly and the value of timely financing in accelerating investment returns.
Profitability & Lessons Learned
Inside the Deal
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