The Client

Experienced investor and flipper
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only

The Investment

Substantial renovation of a single family attached row house in a developing neighborhood in downtown Baltimore
• Purchase Price
$80,000
• Renovation Budget
$63,000
• Loan Amount
$112,000
• Cash Available for Purchase
$49,000
• Cash Available for Renovation
$63,000

The ABL Partnership

The borrower met ABL at a Philadelphia REIA event. Despite some of problems occurring in the Baltimore area, ABL agreed to move forward on the loan because of the strong background, experience level of the borrower, as well as a very attractive purchase price.

The Results

The project was completed with a very high level of workmanship in the expected amount of time with full permits and approval paperwork. The property is listed and has undergone one price reduction.

• After Repair Value
$216,000
• Sale Price
$199,900
• Project Payoff
10 months
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