The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only
• Loan Used

The Investment

• Purchase Price
$405,000
• Renovation Budget
$80,000
• Loan Amount
$404,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a $404,000 hard money loan for a fix and flip real estate investment in Cranford, NJ. The scope of work for this single family home includes a total kitchen renovation, replacing flooring, upgrading cabinetry, and installing all new appliances.

The Results

• After Repair Value
$643,000
• Sale Price
• Return on Investment
• Project Payoff
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