The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$145,000
• Renovation Budget
$54,000
• Loan Amount
$169,000
• Cash Available for Purchase
$115,000
• Cash Available for Renovation
$54,000

The ABL Partnership

This repeat borrower and experienced real estate investor came to Asset Based Lending for a hard money loan for finance a fix and flip in Roselle, New Jersey. The 2,300 square foot single family property in Union County NJ was found on the MLS, and will require $54,000 in renovations. The scope of work for the renovation includes minor roof repairs, new garage doors, a new hot water heater, new hardwood floors, HVAC installation, gutting the kitchen and bathrooms, as well as adding a full bathroom in the basement.

The Results

• After Repair Value
$280,000
• Sale Price
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