The Client

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

The Investment

• Purchase Price
$105,000
• Renovation Budget
$32,000
• Loan Amount
$116,000
• Cash Available for Purchase
$84,000
• Cash Available for Renovation
$32,000

The ABL Partnership

Asset Based Lending recently funded a $116,000 hard money fix and flip loan for a real estate investor that found us on Instagram. One of the partners in this deal is a full time real estate investor and contractor, while the other is a professor. The scope of work for renovations of this single family home in Hartford County includes gutting the bathrooms, updating the painting and flooring throughout, and installing a new roof and siding.

The Results

• After Repair Value
$190,000
• Sale Price
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