The Client

Experienced Investor, Builder, & Realtor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Gut Renovation With Addition
• Purchase Price
$342,000
• Renovation Budget
$215,000
• Loan Amount
$471,000
• Cash Available for Purchase
$256,000
• Cash Available for Renovation
$215,000

The ABL Partnership

This repeat borrower and extremely experienced fix and flip investor came to Asset Based Lending for a hard money loan to finance the purchase and renovation of a single family home in Hillsdale, NJ. The scope of work includes a gut renovation with high end finishes for a sleek design, as well as an addition to the home to add another bedroom as well as widen the kitchen and family room.

The Results

• After Repair Value
$725,000
• Sale Price
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