The Client

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

The Investment

• Purchase Price
$129,000
• Renovation Budget
$40,000
• Loan Amount
$143,000
• Cash Available for Purchase
$103,000
• Cash Available for Renovation
$40,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and rehabilitation of a 3,100 square foot single family attached property in Baltimore, Maryland. This 5 bedroom, 3.5 bathroom property is in need of significant renovations, with a $40,000 scope of work that includes new bathrooms, flooring, and appliances as well as cosmetic updates throughout.

The Results

• After Repair Value
$264,000
• Sale Price
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