The Client

First time flipper
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only
• Loan Used

The Investment

• Purchase Price
$205,000
• Renovation Budget
$66,000
• Loan Amount
$230,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

After completing a popular real estate investing educational program, these first time flippers sought Asset Based Lending to fund their fix and flip project in Baldwin New York. The 1,200 square foot property was purchased through a wholesaler and is located just a short distance from the borrower’s home, which will allow for constant supervision. The scope of work includes adding an additional bathroom upstairs, removing an old oil tank, and renovating the flooring throughout.

The Results

• After Repair Value
$365,000
• Sale Price
• Return on Investment
• Project Payoff
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