The Client

Full Time Investor
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

Gut Rehab
• Purchase Price
$181,500
• Renovation Budget
$146,000
• Loan Amount
$294,000
• Cash Available for Purchase
$148,000
• Cash Available for Renovation
$146,000

The ABL Partnership

This full time investor came to ABL to finance a fix and flip multifamily project in Jersey City, NJ. This investor’s plan calls for a complete gut renovation of the property. He’ll install 3 new bathrooms as well as a brand new modern kitchen featuring a unique backsplash. The home will make the transition to a central air system with an HVAC installation. All interior walls will be coated with a fresh layer of paint and trim molding bordering the edges. The exterior will receive a major functional improvement with a new roof as well. This is certainly a big project, but we’re confident in our borrower’s plan and know that he will execute his vision!

The Results

• After Repair Value
$489,000
• Sale Price
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