The Client

Experienced Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Moderate Renovation Of 1 Unit Condo
• Purchase Price
$80,000
• Renovation Budget
$40,000
• Loan Amount
$102,000
• Cash Available for Purchase
$62,000
• Cash Available for Renovation
$40,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and rehab of a 1,064 square-foot single family condo in West Chester, PA. The property hasn’t been updated in 40 years, so the scope of work for renovations includes a full gut of the kitchen and bathrooms, new carpeting and flooring throughout, and updating lighting fixtures. Exterior and other updates will be handled by the HOA.

The Results

• After Repair Value
$190,000
• Sale Price
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