The Client

Experienced Investor & Repeat Borrower
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Buy Rehab & Rent - Mixed Use
• Purchase Price
$125,000
• Renovation Budget
$80,000
• Loan Amount
$164,000
• Cash Available for Purchase
$84,000
• Cash Available for Renovation
$80,000

The ABL Partnership

Asset Based Lending recently financed a hard money loan for a mixed-use fix and flip project in Philadelphia, PA. The experienced investor and repeat borrower plans to renovate both residential and commercial units before refinancing the property into a longer term loan and keeping it for rental income. The investor owns other property nearby, and believes much of the value comes from the commercial traffic volume and magnet school in the area.

The Results

• After Repair Value
$397,000
• Sale Price
• Return on Investment
• Project Payoff
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