The Client

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

The Investment

• Purchase Price
$400,000
• Renovation Budget
$198,000
• Loan Amount
$507,000
• Cash Available for Purchase
$309,000
• Cash Available for Renovation
$198,000

The ABL Partnership

Asset Based Lending is glad to be funding a new hard money loan for a repeat borrower and experienced real estate investor in Florida. This fix and flip comes with an extensive scope of work. The investor plans to create an open floor plan, add a bathroom, install new air conditioning, and update the entire property with high end finishes. The investor is using the same contractor that he has used on previous deals, and anticipates about 5 months to complete the project.

The Results

• After Repair Value
$780,000
• Sale Price
• Return on Investment
• Project Payoff
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