The Client

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

The Investment

• Purchase Price
$130,000
• Renovation Budget
• Loan Amount
$141,000
• Cash Available for Purchase
$101,000
• Cash Available for Renovation
$40,000

The ABL Partnership

Asset Based Lending recently funded a $141,000 loan for a fix and flip property in West Milford, NJ. Our investors plan on completing an interior rehab including a partial demolition, a completely new kitchen with stainless steel appliances and granite countertops, bathroom upgrades and fresh paint throughout. Along with cosmetic enhancements, our investors intend to add a new roof and HVAC system to the property. They plan to complete all renovations in just under a month; we can’t wait to see the finished product!

The Results

• After Repair Value
$235,000
• Sale Price
• Return on Investment
• Project Payoff
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