The Client

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

The Investment

• Purchase Price
$76,500
• Renovation Budget
$25,000
• Loan Amount
$81,000
• Cash Available for Purchase
$56,000
• Cash Available for Renovation
$25,000

The ABL Partnership

Asset Based Lending recently funded a fix and flip loan for a repeat borrower in Camden County, New Jersey. The scope of work for renovations of the 1,248 square foot ranch includes converting extra space into a third bedroom, and overhauling the kitchen and bathroom. The borrower will also upgrade the flooring and paint throughout the property.

The Results

• After Repair Value
$142,000
• Sale Price
• Return on Investment
• Project Payoff
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