The Client

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

The Investment

Substantial renovation of a ranch house in dated, but sound condition in New Fairfield County
• Purchase Price
$221,000
• Renovation Budget
$38,000
• Loan Amount
$220,000
• Cash Available for Purchase
$182,000
• Cash Available for Renovation
$38,000

The ABL Partnership

Borrower contacted ABL through an internet search. The expected time to payoff was four to six months.

The Results

The renovation was conducted in a professional manner and completed on time, but somewhat over budget. The borrower experienced payment difficulties as his rehab budget was bigger than expected and the time on market was longer than expected. The loan was paid off in six months.

• After Repair Value
$342,000
• Sale Price
$380,000
• Project Payoff
6 months
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