The Client

First Time Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$222,000
• Renovation Budget
$54,000
• Loan Amount
$231,000
• Cash Available for Purchase
$177,000
• Cash Available for Renovation
$54,000

The ABL Partnership

Asset Based Lending recently financed a hard money loan for a fix and flip project in Huntington Station, NY. The project is a purchase and renovation of a 1,954 square foot 4 bedroom / 2 bathroom single family cape in Suffolk County, New York. The $54,000 scope of work for renovations includes completely gutting the kitchen and bathrooms, converting the house from oil to gas, replacing the flooring throughout, and updating all bedrooms.

The Results

• After Repair Value
$440,000
• Sale Price
Back To All Case Studies