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A fix and flip loan in New Haven, Connecticut, with experienced real estate investors, a strong ARV, and enough upside to make the spreadsheet blush?
Yeah… apparently those still exist.

 

The borrowers found a distressed investment property, negotiated the purchase price down to $920,000, and had a $150,000 rehab budget lined up.

 

In other words, a real estate investment deal that actually made sense — shocking, I know.

 

Then the after-repair value came back at a beautiful $1.555M, leaving plenty of room for profit, rehab, financing costs, and maybe even a celebratory coffee that isn’t from a gas station.

 

After a lot of negotiations with the lender, I secured a 9.99% interest-only hard money loan at 90% LTV, with only 10% down and 100% of the rehab budget financed.
 

And the points? Just 1.5.

 

Oh, and we closed in two weeks.

Because apparently “fast closing investment property financing” doesn’t have to be a mythical creature people talk about on real estate podcasts.

 

This is what the right fix and flip financing looks like when the deal is strong, the borrowers know what they’re doing, and the lender negotiations are handled properly.

Property Details

Price: $920,000

Address: Canner Sreet

City: New Haven

State: CT

Zip Code: 06511

Year Built: 1910

Square Footage: 2605

Lot Square Footage: 6534

Beds: 5

Baths: 3