The Client

• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$135,000
• Renovation Budget
$57,000
• Loan Amount
$162,000
• Cash Available for Purchase
$105,000
• Cash Available for Renovation
$57,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip investor in Abington, PA. This experienced real estate investor owns several properties, and is a professional property manager in his full-time career. This 1,360 square-foot 3 bed 1 bath property is in need of extensive renovations. The bathroom and kitchen will be completely gutted, and the roof will need to be updated. In addition, the property will get all fresh paint and finishes and some water damage will be repaired.

The Results

• After Repair Value
$265,000
• Sale Price
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