HARD MONEY LOAN

SUMMARY

PURCHASE PRICE: $155,000

RENOVATION COST: $350,000

SALES PRICE: $907,000

STRATEGY

As a hard money lender, Agent Realty Partners works with a number of Chicagoland's top developers. With time being of the essence, ARP expedited the approval process and fully funded the loan within 10 days of application. This highly distressed 4-Unit in Chicago's Humboldt Park neighborhood was purchased for $150,000. After a total renovation loan of $350,000, Agent Realty Partners successfully brokered the sale of the property for $907,000 after 30 days on the market.