The Client

First Time Investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$195,000
• Renovation Budget
$40,000
• Loan Amount
$191,000
• Cash Available for Purchase
$156,000
• Cash Available for Renovation
$35,000

The ABL Partnership

This single family investment property in Miami, Florida was found by a realtor before being listed on the MLS. Asset Based Lending recently funded a hard money fix and flip loan for the borrower to completely renovate the kitchen and bathrooms, fix some plumbing issues, and refinish the exterior. In addition, the scope of work includes updating the electrical panel, electrical fixtures, as well as the floors and windows.

The Results

• After Repair Value
$300,000
• Sale Price
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