The Client

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

The Investment

• Purchase Price
$68,000
• Renovation Budget
$32,000
• Loan Amount
80,000
• Cash Available for Purchase
$48,000
• Cash Available for Renovation
$32,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a real estate investor in Philadelphia, Pennsylvania. The plan for this multifamily rowhouse is to complete mainly cosmetic renovations; updating the flooring and painting and well us upgrading the kitchens and bathrooms.

The Results

• After Repair Value
$195,000
• Sale Price
• Return on Investment
• Project Payoff
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