Fix and Flip for House in Nanticoke, Maryland

Property Flip Loan, a direct hard money lender, funded a $160,000 fix & flip for a beautifully situated single-family home in Nanticoke, a coastal town in the Eastern Shore region of Maryland. The Borrower contributed 15% cash to the purchase price and we funded 100% of the $10,000 renovation budget. The estimated after-repair value is around $228,000 which puts our loans at a 70% LTV. This deal was structured to support a repeat Borrower known for their efficiency in real estate investments. Unlike projects requiring extensive renovations, this property needed only light cosmetic upgrades to become market-ready. Situated on a spacious lot with a detached garage in a high-demand rural area, the Borrower acted quickly, completing the project in record time. The property is already under contract and set to close before the end of the month, marking their fastest flip yet. With Property Flip Loan’s flexible financing and no prepayment penalty, the Borrower can seamlessly transition to their next project. This deal highlights Property Flip Loan’s commitment to providing tailored solutions that help investors act quickly, maximize returns, and sustain momentum in their business. The Borrower had excellent credit. The loan term was set at 6 months. This fix and flip loan was funded in January 2025.