The Client

Experienced Investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$135,000
• Renovation Budget
$57,000
• Loan Amount
$162,000
• Cash Available for Purchase
$105,000
• Cash Available for Renovation
$57,000

The ABL Partnership

Asset Based Lending funded a hard money loan for an experienced fix and flip investor and senior manager at the Philadelphia Housing Authority. The scope of work for this 1,360 square foot house is extensive and includes a full gut of the kitchen and bathroom, updated flooring throughout, and water damage repairs. The investor will also replace light fixtures throughout the property. With this investor’s experience and track record, we’re sure the finished home will be impressive!

The Results

• After Repair Value
$165,000
• Sale Price
$319,000
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