The Client

Experienced Investor
• Loan Purpose
Cash Out & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$160,000
• Renovation Budget
$22,000 (Remaining)
• Loan Amount
$150,000
• Cash Available for Purchase
$128,000 (Cash Out)
• Cash Available for Renovation
$22,000

The ABL Partnership

Asset Based Lending recently financed a cash out and rehab hard money loan for a real estate investor in the middle of a fix and flip in Toms River, NJ. The borrower began the project with a private investor, and has already invested approximately $70,000 into the rehab. This single family fix and flip needs another $22,000 to complete the renovations before hopefully being resold for at least $290,000.

The Results

• After Repair Value
$290,000
• Sale Price
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