The Client

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

The Investment

• Purchase Price
$180,000
• Renovation Budget
$50,000
• Loan Amount
$194,000
• Cash Available for Purchase
$144,000
• Cash Available for Renovation
$50,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower and experienced investor in Denville, NJ. This 1,224 square foot REO property is close to shopping and schools, and already has a semi-finished basement. The scope of work for renovations includes gutting the kitchen and bathrooms as well as replacing the flooring and adding air conditioning.

The Results

• After Repair Value
$345,000
• Sale Price
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