The Client

First Time Borrower — Experienced Real Estate Investor
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only
• Loan Used

The Investment

Heavy Rehab — Single Family
• Purchase Price
$874,800
• Renovation Budget
$107,000
• Loan Amount
$742,000
• Cash Available for Purchase
$635,000
• Cash Available for Renovation
$107,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan in Columbus, Georgia county. The borrower is a first time borrower and experienced real estate investor. The property is a single family 3-bedroom, 3-bathroom measured at 4,639 square feet. Interior will see wallpaper removed and new paint applied as well as new fixtures installed throughout home. Kitchen will receive granite counters and new stainless steel appliances, while bathrooms receive new toilet and vanity along with new tubs. Exterior will receive updates to landscaping, fresh coat of paint, and power washing. Project is expected to take four months with the Columbus, Georgia fix and flip loan and the final sale will occur shortly after completion.

The Results

• After Repair Value
$1,100,000
• Sale Price
• Return on Investment
• Project Payoff
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