The Client

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

The Investment

Cosmetic Renovation — Single Family
• Purchase Price
$267,000
• Renovation Budget
$25,500
• Loan Amount
$227,500
• Cash Available for Purchase
$227,500
• Cash Available for Renovation
$25,500

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan in Conway South Carolina. The borrower is an experienced real estate investor and first time borrower with ABL. The property is a single-family 4-bedroom, 2.5-bathroom measured at 2,088 square feet. Renovation will be mostly cosmetic, with the exterior receiving minor landscaping updates and power washing. Interior will see all flooring replaced with LVP floors, new light fixtures, updated trim throughout, and accent walls added to the bedrooms. Kitchen will feature refinished cabinets, new tile backsplash, and stainless steel appliances. Project is expected to take three months with final sale occurring shortly after completion.

The Results

• After Repair Value
$375,000
• Sale Price
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