The Client

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

The Investment

Gut Renovation - Single Family
• Purchase Price
$165,000
• Renovation Budget
$90,000
• Loan Amount
$212,000
• Cash Available for Purchase
$122,000
• Cash Available for Renovation
$90,000

The ABL Partnership

Asset Based Lending financed a hard money loan for a fix and flip project in Abington, PA.The subject property is a 1,847 square foot single family home built in 1915 consisting of 6 bedrooms and 1.5 bathrooms. The property was found as an off-market deal, and needs roughly $90,000 in renovations. The scope of work for rehab is fairly extensive and includes adding a new bathroom, gutting the kitchen and existing bathrooms, as well as other cosmetic upgrades throughout.

The Results

• After Repair Value
$325,000
• Sale Price
$350,000
• Return on Investment
• Project Payoff
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