The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$249,000
• Renovation Budget
$92,000
• Loan Amount
$281,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Our investors are in for a lot of work with this property! ABL just recently funded a $281,000 hard money fix and flip loan for the total renovation of a property in Farmingville NY. This four bedroom, three-and-a-half-bathroom home is in dire need of a new kitchen and a complete gut renovation of three bathrooms. The home needs new flooring throughout, and possibly a new roof! Besides cosmetic upgrades, a few pipes to be replaced and a new boiler system needs to be installed. We can’t wait to see how this property turns out!

The Results

• After Repair Value
$440,000
• Sale Price
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