The Client

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

The Investment

• Purchase Price
$82,000
• Renovation Budget
$41,000
• Loan Amount
$104,000
• Cash Available for Purchase
$63,000
• Cash Available for Renovation
$41,000

The ABL Partnership

This real estate investor is coming back to Asset Based Lending for his second deal with us. ABL is funding a hard money fix and flip loan for the purchase and renovation of a single family property in Willingboro, New Jersey. The scope of work for the renovation of this 1,600 square-foot property includes all new siding and gutters, replacing the windows, gutting the kitchen and bathrooms, as well as modifying the floor plan for a more open layout.

The Results

• After Repair Value
$165,000
• Sale Price
• Return on Investment
• Project Payoff
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