The Client

New Investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$339,000
• Renovation Budget
$118,000
• Loan Amount
$388,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip in Bronx NY. The borrower is a licensed realtor who is in progress on several similar deals, and found this property as an REO on auction.com. The scope of work for renovations includes exterior cosmetics, electrical and plumbing system upgrades, repairing all flooring, and replacing all features in the bathrooms and kitchen.

The Results

• After Repair Value
$640,000
• Sale Price
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