The Client

Experienced Investor & Repeat Borrower
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$247,800
• Renovation Budget
$30,000
• Loan Amount
$239,000
• Cash Available for Purchase
$209,000
• Cash Available for Renovation
$30,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a repeat borrower starting a fix and flip project in Derby, Connecticut. The property is currently in foreclosure, found by the investor online using Hubzoo. The scope of work for the 2,300 square foot 3 bed 3 bath single family is mostly cosmetic. The investor will update the kitchen and bathrooms, replace carpeting, and refinish the hardwood floors throughout.

The Results

• After Repair Value
$355,000
• Sale Price
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