The Client

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

The Investment

• Purchase Price
$225,000
• Renovation Budget
$40,000
• Loan Amount
$220,000
• Cash Available for Purchase
$180,000
• Cash Available for Renovation
$40,000

The ABL Partnership

After pulling this fix and flip loan from another lender because they weren’t moving quickly enough, ABL funded this hard money fix and flip loan for a single family property in Howell, New Jersey. This borrower is a professional, having completed more than 10 flips in the last few years. The scope of work for this property includes renovations of the kitchen, bathrooms, and floors, as well as updating the HVAC system and painting throughout.

The Results

• After Repair Value
$360,000
• Sale Price
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