The Client

• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$230,000
• Renovation Budget
$64,500
• Loan Amount
$248,000
• Cash Available for Purchase
$183,500
• Cash Available for Renovation
$64,500

The ABL Partnership

ABL recently closed a hard money fix and flip loan in Union City NJ with a loan amount of $248,000. The investors came to ABL looking for funding to rehab a downtrodden property. They decided on a scope of work that includes extensive renovation on the interior and exterior. Once completed, this home will have new windows, a brand new shingled roof, replaced HVAC and heating systems, and updated plumbing fixtures. They’ll use the loan to install two full new bathrooms and a functional kitchen with modern countertops and appliances. Keep up with our website to see if this home makes it into one of our case studies!

The Results

• After Repair Value
$383,000
• Sale Price
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