Asset Based Lending recently funded a fix and flip loan to a repeat borrower and experienced real estate investor in Chattanooga Tennessee. The real estate investors plan to gut the entire property to update and change the layout to create a luxury primary suite as well as open concept living spaces. The HVAC and roof will be updated, and repairs will be made to the façade of the home. The interior will feature high end finishes and appliances. Bathrooms will have custom tiling, and custom cabinetry will be installed in the kitchen. Renovations to this property are expected to take 8 months, at which time the borrower will list the property for final sale.
