The Client

General Contractor & Master Carpenter
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Gut Renovation Of Single Family Property
• Purchase Price
$115,000
• Renovation Budget
$85,000
• Loan Amount
$105,000
• Cash Available for Purchase
$20,000
• Cash Available for Renovation
$85,000

The ABL Partnership

This property needs a lot of work! Asset Based Lending recently funded this hard money fix and flip loan for a repeat borrower in Philadelphia, PA taking on a gut rehab project. The investor is a licensed general contractor and master carpenter with 30 years of experience. He’s going to be putting all of those skills to work during this $85,000 renovation project. The scope of work is essentially a gut to the studs; opening the floor plan, finishing he basement, adding HVAC, new electric and plumbing, all new kitchen and bathrooms, and more! We can’t wait to see the finished fix and flip!

The Results

• After Repair Value
$253,000
• Sale Price
• Return on Investment
• Project Payoff
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