The Client

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

The Investment

• Purchase Price
$163,375
• Renovation Budget
$10,000
• Loan Amount
$140,000
• Cash Available for Purchase
$130,000
• Cash Available for Renovation
$10,000

The ABL Partnership

These repeat borrowers in Florida came back to Asset Based Lending in need of a quick close fix and flip loan. The property was purchased via short sale at a significant discount, and is in need of only minor cosmetic renovations. The scope of work for this fix and flip project includes cleaning and updating some of the flooring, replacing lighting fixtures throughout, repairing wear and tear in walls, and repainting interior and exterior of the property.

The Results

• After Repair Value
$240,000
• Sale Price
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