FIX AND FLIP LOAN
Westmont, IL
BEFORE
AFTER
The Numbers Behind the Flip
Loan Amount
$467,400
Purchase Price
$370,000
Construction Budget
$133,822
ARV
$625,000
Timeline
May 2024 - November 2024
Resale Price
$705,000
In May 2024, an investor seized an opportunity in Westmont, IL, purchasing a property for $370,000 with a vision to bring it to its full potential. With a $133,822 renovation budget, they executed a high-quality transformation that elevated the home’s appeal and market value. The total loan amount was $467,400, and while the initial ARV was projected at $625,000, the investor’s strategic upgrades and market timing paid off—the property sold for an impressive $705,000. Completed in just six months, this project is a testament to how thoughtful renovations and smart financing can yield exceptional results.