The Client

Experienced Investor & Contractor
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

• Purchase Price
$205,000
• Renovation Budget
$40,000
• Loan Amount
$224,000
• Cash Available for Purchase
$184,000
• Cash Available for Renovation
$40,000

The ABL Partnership

At ABL, we pride ourselves on repeat business. This experienced and repeat borrower came to us seeking a hard money fix and flip loan for a property in Clifton, New Jersey. This investor also happens to be a contractor, so keeping to his plan should be a breeze! The scope of work calls for new siding, awnings, and a roof. On the interior, he plans to update both the kitchen and bathrooms, lay down new flooring, and coat the walls with a fresh layer of neutral paint. The renovations should take only 60 days and the investor hopes to flip the property quickly and for a nice profit!

The Results

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