The Client

Highly Experienced Investor
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$337,500
• Renovation Budget
$140,000
• Loan Amount
$405,000
• Cash Available for Purchase
$265,000
• Cash Available for Renovation
$140,000

The ABL Partnership

This Maspeth, New York investor came to ABL seeking a hard money fix and flip loan to complete major renovations on a property. We funded a $405,000 loan, $140,000 of which will be used for the proposed scope of work. The rehabbed property will feature a new modern kitchen and baths, among other upgrades. Upon completion, the property should sell for around $750,000 and will yield this investor a nice profit. We can’t wait to see the final product!

The Results

• After Repair Value
$750,000
• Sale Price
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