The Client

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

The Investment

Gut Renovation - Single Family
• Purchase Price
$112,500
• Renovation Budget
$85,000
• Loan Amount
$177,000
• Cash Available for Purchase
$92,000
• Cash Available for Renovation
$85,000

The ABL Partnership

Asset Based Lending recently funded a fix and flip loan for a first time investor purchasing an attached single family home in Philadelphia, PA. The investor expects the $85,000 gut renovation to take approximately 5 months, with another 2 months needed to sell. The project is a full gut rehab that involves opening the floor plan, adding a half bathroom, completely redoing the kitchen and bathrooms, as well as other renovations throughout.

The Results

• After Repair Value
$290,000
• Sale Price
• Return on Investment
• Project Payoff
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