The Client

First Time Flipper
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$142,500
• Renovation Budget
$39,000
• Loan Amount
$152,000
• Cash Available for Purchase
$113,000
• Cash Available for Renovation
$39,000

The ABL Partnership

Asset Based Lending recently funded this hard money fix and flip loan for a first time investor in St Petersburg, Florida. The borrower – a new investor but licensed appraiser in the area – needed to move quickly, and ABL was able to close this deal in 1 week! The subject property for this project is a 3-bedroom 1-bathroom single family home with approximately 1,218 square feet.

The Results

• After Repair Value
$235,000
• Sale Price
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