The Client

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

The Investment

• Purchase Price
$170,000
• Renovation Budget
$40,000
• Loan Amount
$176,000
• Cash Available for Purchase
$136,000
• Cash Available for Renovation
$40,000

The ABL Partnership

ABL recently funded a $176,000 hard money loan for a fix and flip project in North Bergen, NJ. Our investors are in for a challenge with this property! The basement and first floor of this property are riddled with water damage from a pipe bursting! After a complete gut, they plan on installing a ceramic floor in the basement of the property, as well as gutting the entire first floor to re-frame the layout of the property. The second and third floor will undergo minor upgrades and the exterior of the property will undergo a major clean up. We can’t wait to see how it comes out!

The Results

• After Repair Value
$360,000
• Sale Price
Back To All Case Studies