Seeking $151K Fix-and-Flip Financing—Hopkinsville, KY | $250K ARV

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Seeking $151K Fix-and-Flip Financing—Hopkinsville, KY | $250K ARV

https://ascrealestatesolutions.com/
Reginald CallowayPro Member
Investor · Hopkinsville, Christian County · Member since 2024 · 7 posts · 8 votes

Hello BiggerPockets community,

I’m Reginald Calloway, founder of ASC Real Estate Solutions in Hopkinsville, Kentucky. I’m seeking a reputable private or hard-money lender for a business-purpose fix-and-flip loan on 110 Colonel Drive in Hopkinsville.

Deal summary:

• Property: Approximately 1,798-square-foot single-family home
• Completed layout: Four bedrooms and two bathrooms
• Purchase price: $50,000
• Renovation budget: Approximately $101,000
• Requested financing: Approximately $151,000
• Conservative ARV: $250,000
• Target resale price: $260,000
• Loan position: First-position mortgage
• Preferred term: 12 months
• Primary exit: Sell after renovation
• Secondary exit: Refinance and hold as a rental

The renovation includes roof replacement, concrete and drainage corrections, structural floor repairs, two bathrooms, kitchen renovation, plumbing, electrical, flooring, windows, exterior improvements, deck work and fencing.

We have a detailed contractor scope and renovation budget prepared and can provide that documentation to qualified lenders upon request.

ASC has completed successful fix-and-flip projects, including two properties that sold for approximately $300,000 each. We also have two ground-up new-construction homes nearing completion in Hopkinsville. My estimated credit score is above 700.

I’m interested in lenders offering acquisition and rehabilitation financing with a clear written draw process. I’ll also be attending BPCON 2026 in Orlando and would be glad to meet qualified lenders there.

Please send me a direct message with your typical leverage, interest rate, points, fees, draw structure and closing timeline.

Thank you,
Reginald Calloway
ASC Real Estate Solutions

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  • Justin DubePro Member
    Investor · Member since 2026 · 24 posts · 8 votes
    4w

    I did my very first ever personal flip in Hoptown but have been writing loans for 23 years, been a broker for nearly 10. Your math says you are looking for 100% financing 50k purchase, 101k rehab, 151k total. This IS doable, just that the lenders that will do it tear you to pieces with dutch interest and every payment rolled into those loans and it is often coupled to and entry origination AND an exit origination. What is the current as is value, truly 50k?

    0Reply
    • Reginald CallowayPro Member
      OP
      Investor · Hopkinsville, Christian County · Member since 2024 · 7 posts · 8 votes
      4w

      Hey Justin, appreciate the insight—and it’s good to connect with someone who’s flipped in Hoptown! The $50,000 is our negotiated purchase price. I estimate the current as-is value around $75,000–$85,000, subject to appraisal.

      We’ve since secured financing for 110 Colonel and are scheduled to close Monday. Your point about interest and fees is exactly why we’ve been comparing options carefully.

      We also have 2631 Kenwood Drive, already purchased for $25,000, with an estimated rehab budget of $84,500 and a projected resale of $225,000. We’re exploring rehab financing and can share the detailed scope and comps if you’d like to look into it further. Happy to connect by DM. Thanks again!

      0Reply
    • Justin DubePro Member
      Investor · Member since 2026 · 24 posts · 8 votes
      4w

      Most of my lenders are 100k minimum and won't fund just the rehab because they want to be in first position. This would most likely end up in the bridge refinance with rehab bucket but you would have to apply for the minimum....nobody says you HAVE to use all the money. That is what I have done in the past. The first house I ever bought up there was 1411 E 1st St, Hopkinsville, KY 42240. Bought it at auction for 32k.

      0Reply
  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    4w

    Reginald, the numbers may fit one of my capital partners, particularly with the loan request at roughly 60% of the stated ARV.

    The main question is whether you're looking for 100% of both the purchase and rehab, or whether you're bringing any cash to closing.

    I’d also want to know whether the $101K rehab budget is supported by contractor bids and whether you're currently working with any other lenders.

    If you'd like, send me a DM and we can see if it makes sense to take the next step.

    0Reply
    • Reginald CallowayPro Member
      OP
      Investor · Hopkinsville, Christian County · Member since 2024 · 7 posts · 8 votes
      4w

      Hey Reginald, thanks for reaching out! We’ve secured financing for 110 Colonel Drive and are scheduled to close Monday.

      I do have another project that may fit your capital partners: 2631 Kenwood Drive in Hopkinsville, KY. We’ve already purchased it for $25,000, and our projected resale price after renovation is $225,000. We have the detailed scope of work and comps ready to share.

      I’d like to explore financing the full renovation and whether reimbursement of some of the purchase funds is available. What would your partners require for cash to close and reserves?

      Happy to send the scope and comps over. Appreciate you connecting!

      0Reply
  • J CastroBusiness Member
    Lender · Florida · Member since 2025 · 718 posts · 257 votes
    4w
    Quote from @Reginald Calloway:

    Hello BiggerPockets community,

    I’m Reginald Calloway, founder of ASC Real Estate Solutions in Hopkinsville, Kentucky. I’m seeking a reputable private or hard-money lender for a business-purpose fix-and-flip loan on 110 Colonel Drive in Hopkinsville.

    Deal summary:

    • Property: Approximately 1,798-square-foot single-family home
    • Completed layout: Four bedrooms and two bathrooms
    • Purchase price: $50,000
    • Renovation budget: Approximately $101,000
    • Requested financing: Approximately $151,000
    • Conservative ARV: $250,000
    • Target resale price: $260,000
    • Loan position: First-position mortgage
    • Preferred term: 12 months
    • Primary exit: Sell after renovation
    • Secondary exit: Refinance and hold as a rental

    The renovation includes roof replacement, concrete and drainage corrections, structural floor repairs, two bathrooms, kitchen renovation, plumbing, electrical, flooring, windows, exterior improvements, deck work and fencing.

    We have a detailed contractor scope and renovation budget prepared and can provide that documentation to qualified lenders upon request.

    ASC has completed successful fix-and-flip projects, including two properties that sold for approximately $300,000 each. We also have two ground-up new-construction homes nearing completion in Hopkinsville. My estimated credit score is above 700.

    I’m interested in lenders offering acquisition and rehabilitation financing with a clear written draw process. I’ll also be attending BPCON 2026 in Orlando and would be glad to meet qualified lenders there.

    Please send me a direct message with your typical leverage, interest rate, points, fees, draw structure and closing timeline.

    Thank you,
    Reginald Calloway
    ASC Real Estate Solutions

    @Reginald Calloway, welcome to BP!
    Thank you for sharing the details of your project. Based on the information provided, this is the type of investor-focused fix-and-flip opportunity that JCREIG Capital Funding is structured to review.

    We provide financing solutions for experienced real estate investors, including acquisition and rehabilitation financing, with a focus on streamlined underwriting and clearly defined draw processes.

    Our Fix & Flip program can offer, for qualified transactions:

    • Up to 90% LTC
    • 100% of eligible renovation costs
    • Up to 70% ARV
    • No income documentation required
    • Loan amounts starting at $75,000
    • First-position financing
    • Flexible terms designed around the investment strategy
    • Streamlined documentation and fast closings

    Your stated experience, purchase price, renovation scope, and projected ARV give us a good starting point for reviewing the opportunity. We would want to evaluate the property, detailed scope of work, budget, contractor information, valuation, and overall exit strategy before determining the final loan structure and terms.

    If you're interested, feel free to DM me directly and I'll be happy to connect with you and discuss the project in more detail.

    We’ll also be at BPCON 2026 in Orlando, so it would be great to connect in person.

    Best of luck with the project. We look forward to learning more about your project.

    JCREIG Capital Funding
    WebsiteView Page
    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2w

    Hey Reginald,

    Sounds something up our alley! Happy to chat

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
  • Jiao Liu
    Lender · Houston, TX · Member since 2026 · 44 posts · 11 votes
    2w

    Hi Reginald — congrats on getting 110 Colonel across the line. Kenwood is the cleaner conversation: since you already own it, the rehab money usually rides on a small bridge refinance in first position, sized to cover the rehab and, depending on the appraisal, some of your purchase money back. At $84.5K of rehab against a $225K resale, the leverage is conservative, which helps. Send me the scope and comps you mentioned, and I'll price it out.

    0Reply
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