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
$375,000
• Renovation Budget
$110,000
• Loan Amount
$436,000
• Cash Available for Purchase
$326,000
• Cash Available for Renovation
$110,000

The ABL Partnership

ABL recently funded a hard money fix and flip loan for a repeat borrower and experienced contractor in Norwalk CT. For this experienced investor, ABL was able to finance the fix and flip at 87% of purchase and 100% of rehab. The $100,000 scope of work for renovations is substantial, but mostly cosmetic and includes modernizing the floor plan, adding a half bathroom, and other cosmetic improvements internally and externally.

The Results

• After Repair Value
$680,000
• Sale Price
• Return on Investment
• Project Payoff
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