The Client

• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$184,000
• Renovation Budget
$70,000
• Loan Amount
$226,000
• Cash Available for Purchase
$156,000
• Cash Available for Renovation
$70,000

The ABL Partnership

Asset Based Lending is happy to have this repeat borrower and experienced real estate investor back for another fix and flip. For this deal, ABL funded a hard money fix and flip loan for the purchase and rehab of a multi-family 2 in Bayonne, NJ. The $70,000 renovation budget includes some interior demolition, new kitchens and floors, updated moldings, new windows, and minor porch and yard work, and new paint throughout.

The Results

• After Repair Value
$380,000
• Sale Price
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