%201.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
State
Birmingham, AL
Loan Type
Fix and Flip
Loan Amount
$89,500
Loan Amount (if applicable)
80% of Purchase + 100% Of Rehab
Rate
10.99%
Points
3.00%
Albama Deal Summary
A first-time investor in Birmingham secured an $89,500 loan through Ridge Street Capital to purchase and renovate a 2 Bed, 1 Bath home in the Avondale neighborhood.
The loan covered 80% of the $90,000 purchase price and 100% of the $17,500 rehab budget, allowing the investor to complete the project without additional capital.
The home, with potential for a solid flip, required cosmetic updates in a neighborhood showing signs of growth.
Ridge Street’s efficient process ensured a quick close, giving the investor the ability to start the renovation immediately. The planned updates will modernize key areas, positioning the property for a profitable resale in a rapidly improving market.
.png)
.webp)
