The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$115,000
• Renovation Budget
• Loan Amount
$124,000
• Cash Available for Purchase
$84,000
• Cash Available for Renovation
$40,000

The ABL Partnership

Asset Based Lending recently closed a $124,000 hard money loan for a 2 family fix and flip deal in Patterson, NJ. The scope of work for rehab includes demo for two kitchens and two bathrooms as well as new flooring and paint throughout. These investors also plan to finish the basement while adding a large rec room! Stay tuned to see how this property turns out!

The Results

• After Repair Value
$220,000
• Sale Price
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