The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$95,000
• Renovation Budget
$43,620
• Loan Amount
$110,000
• Cash Available for Purchase
$66,380
• Cash Available for Renovation
$43,620

The ABL Partnership

After finding this deal through their network, these real estate investors came to Asset Based Lending for a hard money fix and flip loan in order to purchase and rehab the single family property in Newark, NJ. The scope of work for renovations includes installing new stairs, updating the kitchens and bathrooms, refinishing the hardwood floors, and replacing all interior doors.

The Results

• After Repair Value
$190,000
• Sale Price
• Return on Investment
• Project Payoff
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