FIX AND FLIP LOAN
PHILADELPHIA, PA
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The Numbers Behind the Flip*
Project Duration
December 2018 - October 2019
Loan Amount
$238,000
Purchase Price
$170,000
Construction Budget
$110,000
Client Contribution
$42,000
Total Project Cost
$280,000
ARV
$415,000
Resale Price
$390,000
*At the time of initial funding
From December 2018 to October 2019, Barnett REI Finance funded a $238,000 fix-and-flip loan for a Philadelphia, PA property purchased for $170,000 with a $110,000 construction budget. The home entered the project completely rundown and exited as a beautifully renovated residence designed to meet modern buyer demand. The property ultimately sold for $390,000 against an original $415,000 ARV. While the final sale came in slightly below projections, the dramatic transformation and successful exit demonstrate how strategic renovations and disciplined execution can turn distressed assets into market-ready homes within a one-year timeline.
Profitability & Lessons Learned
Inside the Deal
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314 Pensdale
