FIX AND FLIP LOAN
Nashville, TN
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The Numbers Behind the Flip*
Project Duration
May 2022 - April 2023
Loan Amount
$463,644
Purchase Price
$410,000
Construction Budget
$112,660
Client Contribution
$59,016
Total Project Cost
$512,660
ARV
$630,000
Resale Price
$614,000
*At the time of initial funding
In May 2022, Barnett REI Finance funded a $463,644 loan for a fix and flip in Nashville, TN. The purchase price was $410,000 and had a renovation budget of $112,660 renovation budget. The project was originally structured as a six-month term with a planned payoff in November 2022, the project required extra time on the market and ultimately closed in April 2023. The home sold for $614,000, just below its $630,000 ARV. While this was still a strong result, it highlights how extended timelines can cause ARV projections to drift.
Profitability & Lessons Learned
Inside the Deal
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845 Rose Park