The Client

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

The Investment

• Purchase Price
$190,000
• Renovation Budget
$50,000
• Loan Amount
$192,000
• Cash Available for Purchase
$142,000
• Cash Available for Renovation
$50,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a purchase and rehab project in Brentwood, New York. The $50,000 scope of work for renovations includes updating the kitchen and bathrooms, repairing the fireplace, and updating the paint and floors throughout. We can’t wait to see what this experienced fix and flip investor and repeat borrower does with this deal!

The Results

• After Repair Value
$370,000
• Sale Price
• Return on Investment
• Project Payoff
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