The Client

Experienced Investor & Repeat Borrower
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$227,000
• Renovation Budget
$86,000
• Loan Amount
$281,000
• Cash Available for Purchase
$195,000
• Cash Available for Renovation
$86,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a repeat borrower and experienced real estate investor in Annapolis, Maryland. This hard money fix and flip loan was funded at 90% of deal cost and 71% of ARV. The $86,000 scope of work is extensive and includes re-configuring the floorplan, adding a bedroom and bathroom, installing central air, replacing the roof and siding, as well as other upgrades throughout.

The Results

• After Repair Value
$397,000
• Sale Price
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