The Client

Experienced Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Gut Renovation - Single Family
• Purchase Price
$200,000
• Renovation Budget
$70,000
• Loan Amount
$229,000
• Cash Available for Purchase
$159,000
• Cash Available for Renovation
$70,000

The ABL Partnership

As part of a two-property blanket loan in Denville, NJ Asset Based Lending funded a hard money loan for the purchase and rehab of this single family investment property. These experienced real estate investors found the 1,200 square foot property on the MLS in need of $70,000 worth of rehab. The scope of work for this rehab is extensive, including adding a bedroom, installing a new roof and HVAC system, refinishing the floors, and gutting the kitchen and bathrooms.

The Results

• After Repair Value
$385,000
• Sale Price
$440,000
• Return on Investment
• Project Payoff
Back To All Case Studies