The Client

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

The Investment

Gut Renovation - Single Family
• Purchase Price
$267,500
• Renovation Budget
$135,000
• Loan Amount
$360,000
• Cash Available for Purchase
$225,000
• Cash Available for Renovation
$135,000

The ABL Partnership

For her fourth deal with ABL, this highly experienced and successful investor will do a full-gut renovation on this 4-bed Denville home. Not only will she convert the home style from a cape to colonial, but she’ll change the floor plan and add 700 sq. ft. of living space, including a new master bedroom above the garage – and she’ll do it within four months. Her finished fix and flip won’t sit on the market long, since our borrower already has a potential buyer lined up.

The Results

• After Repair Value
$480,000
• Sale Price
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