The Client

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

The Investment

• Purchase Price
$225,000
• Renovation Budget
$84,000
• Loan Amount
$247,000
• Cash Available for Purchase
$163,000
• Cash Available for Renovation
$84,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip project in Yorktown Heights, NY. This Fortune Builders trained real estate investor found ABL through an online investors website, and came to us seeking a purchase and rehab loan for a 1200 square foot single family property. The scope of work for renovations included opening up the floor plan and increasing the size of the master bedroom, in addition to cosmetic upgrades throughout.

The Results

• After Repair Value
$380,000
• Sale Price
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