The Client

Experienced Investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only
• Loan Used

The Investment

• Purchase Price
$311,000
• Renovation Budget
$110,000
• Loan Amount
$356,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

The borrower on this fix and flip project in an experienced real estate investor who usually finances his deals with his own equity, but has decided to get a hard money loan from ABL to increase available leverage. The scope of work for the rehab of this multi-family home includes new HVAC system, all new flooring throughout, updated drywall/insulation, and new appliances. The investor is also restoring the front porch and 2nd floor deck.

The Results

• After Repair Value
$555,00
• Sale Price
• Return on Investment
• Project Payoff
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