The Client

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

The Investment

• Purchase Price
$270,000
• Renovation Budget
$55,000
• Loan Amount
$260,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

After completing a popular real estate investing training seminar, these five partners came to Asset Based Lending for a hard money fix and flip loan in order to fund the purchase and rehab of their recently acquired auction property in Nassau County Long Island. The scope of work for renovations includes some demolition and lot clearing, plumbing and electric system upgrades, and completely overhauled kitchens and bathrooms.

The Results

• After Repair Value
$420,000
• Sale Price
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