)
Deal Details
Private Loan Type
Residential Rehab
Approx. Funding Date
06/25/2024
Property Type
Property City
Brooklyn Park
Property State
MD
Loan Term (months)
6
Lien Type
1st Mortgage
Payment Type
Interest Only
Borrower's Contribution to Purchase
15%
Source of Borrower's Contribution
Cash
Loan-to-After-Repair Value
65%
Renovation Project Scope
Heavy Rehab
Location Type
Urban
Property Condition
Fair
Occupancy at Closing
Vacant
Number of Units
2
Deal Summary
Property Flip Loan Funds $167,755 Renovation Loan for Multi-Unit Conversion in Brooklyn Park, MD
Property Flip Loan recently funded a $167,755 renovation loan for a property in Brooklyn Park, Maryland. The project involves a complete transformation of the property into two separate rentable units, led by an experienced investor with a strong track record in successful renovations. The extensive rehab includes a full renovation down to the studs, ensuring all aspects of the property are updated to meet modern standards. The project aims to maximize rental potential while delivering high-quality finishes throughout each unit.
Funded By
Property Flip Loan
Maryland's Direct Private Lender for Residential and Multi-Family Investments
Dealmakers
Marc DeLeonibus
Founder
Marc DeLeonibus is the Founder of Property Flip Loan, a boutique private money lender based in Annapolis, Maryland. As a direct private lender, Marc funds all deals with his own capital, eliminating intermediaries and ensuring competitive terms for his clients. With a focus on building long-term relationships, Marc provides fast, reliable access to capital for real estate investors in Maryland, DC, and Virginia. Known for his streamlined process and ability to close loans within days, Marc prides himself on delivering personalized service that traditional lenders simply can’t match.