FIX AND FLIP LOAN
Chicago, Illinois
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The Numbers Behind the Flip
Loan Amount
$219,700
Purchase Price
$65,000
Construction Budget
$254,000
Project Duration
September 2024 - July 2025
ARV*
$338,000
Resale Price
$490,000
*ARV at the time of initial funding
In September 2024, Barnett Capital provided a $219,700 loan to finance the purchase and renovation of a property acquired from the Cook County Land Bank Authority for $65,000. With a construction budget of $254,430, the borrowers contributed their own capital alongside the loan and stayed on a timely renovation schedule, delivering quality work that attracted a strong buyer. Although the loan had a 12-month term with a maturity date of September 2025, the project was completed and paid off early in July 2025. Originally projected to sell for $338,000, the property ultimately closed for $490,000. The client demonstrated the value of strategic improvements, disciplined execution, and the flexibility of Barnett REI Finance’s financing.
Profitability & Lessons Learned
Inside the Deal
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Total Project Cost
$319,000
Client Contribution