Asset Based Lending loves seeing successful fix and flips that we funded, and one of those occurred recently in Boston MA. ABL funded a hard money fix and flip loan in Boston for a first-time borrower with previous fix and flip experience. The project was a gut renovation purchased for $409,000 with a renovation budget of $75,000 funded at 90% LTC. Most of the home was updated, including gutting the kitchen and the bathroom and updating the plumbing and electric. The property was 1100 square foot that was upgraded to 1500 square foot with the addition of a finished basement that converted the house to three bedroom and three bath. Highlighted by beautiful new bay windows in the kitchen, a brand-new roof, and upgraded bed and bath count, this property sold for $592,500. Our team loves to see success stories, so we are always ready to provide the most reliable fix and flip loans MA has to offer.
