Asset Based Lending recently funded a hard money fix and flip loan in Atlanta Georgia. The borrower is a repeat ABL borrower and experienced real estate investor. The property is a single family 4-bedroom, 2-bathroom measured at 2,065 square feet. The borrower plans on holding the home in their rental portfolio with ABL’s rental refinance program. Home requires a total gut renovation with an emphasis on the kitchen and bathrooms. Kitchen will be highlighted by new cabinets, granite countertops, and stainless steel appliances. Bathrooms will be highlighted by new vanities, toilets, sinks, and tub & shower combos. Cosmetic updates will include new roof, windows, doors, HVAC, and LVP flooring. Project is expected to take approximately three months with loan refinance occurring within another three months afterwards.
