The Client

Experienced investors with flipping experience: husband and wife team
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only

The Investment

Medium renovation of a suburban single family home in Annapolis suburb
• Purchase Price
$270,000
• Renovation Budget
$30,000
• Loan Amount
$220,000
• Cash Available for Purchase
$190,000
• Cash Available for Renovation
$30,000
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The ABL Partnership

The borrowers found ABL through an online search. The borrowers had not previously used hard money, but were illiquid due to the ownership of another flip. The property purchase was moderately complicated due to an easement issue that needed to be cleared with the seller’s estate.

The Results

The borrowers paid ABL back within two months without pre-payment penalty upon the sale of their other flip project. The borrowers went on to rehab and list the house.

• After Repair Value
$365,000
• Sale Price
$397,777
• Project Payoff
2 months
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