Patch of Land provided an 18-month purchase and rehab loan for this single family residence in Lido
Beach, NY, which funded at 85% of the $1,425,000 purchase price, plus $853,000 in renovation funds.
The borrower has completed over 20 flips and is an expert in Long Island real estate. This loan closed
in less than two weeks using a full appraisal.
Property: Single-family home
Loan Amount: $2,064,250
Purpose: Fix and flip
Location: Lido Beach, NY
Term: 18 months
Los Angeles, CA