This repeat borrower saw a fantastic opportunity to rehab the exterior and interior of this property and turn a profit through financing with a fix-and-flip loan. After successfully completing the project, the customer was able to sell the property for nearly two times the purchase price. This home has a spacious floor plan with tons of natural light and exposed brick accents. The kitchen features a large island, stainless steel appliances and beautiful cabinets. We're particularly impressed how the borrower transformed a dark and distressed structure into a welcoming, modern, open space. We are proud to showcase how our short-term private money loans can bring value back into neighborhoods.
According to Realtor.com, the median sold home price in Columbus, Ohio is $226,000. Over the last several months, the housing marketing in Columbus has been a buyer’s market--which means there are more active homes for sale than there are buyers at the moment.
But at the same time, homes in Columbus have still been selling faster than average when compared to nearby cities in Franklin County. Per the latest numbers, it takes an average of 48 days on the market to sell a home in Columbus. Some of the most popular neighborhoods in Columbus include Upper Arlington, North Linden, Grandview Heights, Downtown Columbus, Highland West and German Village.
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