The Client

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

The Investment

• Purchase Price
$155,000
• Renovation Budget
$35,000
• Loan Amount
$154,000
• Cash Available for Purchase
$119,000
• Cash Available for Renovation
$35,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a property in Baltimore, Maryland. The three story single family property was recently renovated, but not with a high quality of work. The scope of work for the renovations includes replacing part of the roof, adding a new bathroom, updating the closets, replacing floors, and updating the paint throughout.

The Results

• After Repair Value
$237,000
• Sale Price
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