FIX AND FLIP LOAN
Nashville, TN
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The Numbers Behind the Flip*
Project Duration
December 2021 - May 2022
Loan Amount
$416,040
Purchase Price
$390,000
Construction Budget
$72,000
Client Contribution
$45,960
Total Project Cost
$462,000
ARV
$567,000
Resale Price
$635,000
*At the time of initial funding
In December 2021, Barnett REI Finance funded a $416,040 loan for a fix and flip in Nashville, TN. The purchase price was originally $390,000 and the client planned to complete the renovation with a budget of $72,000. The borrower was able to move quickly and sell the project ahead of schedule. The loan was originally set to mature in June 2022 and the project paid off in May 2022 for $635,000. This deal highlights the advantage of pairing strong execution with flexible financing. The investor was able to move faster than planned and capture stronger than expected results, especially during a period when the Nashville market was red-hot.
Profitability & Lessons Learned
Inside the Deal
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849 Rose Park