The Client

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

The Investment

• Purchase Price
$420,000
• Renovation Budget
$50,000
• Loan Amount
$386,000
• Cash Available for Purchase
$336,000
• Cash Available for Renovation
$50,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and rehab of a single family home in Morris Plains, New Jersey. The scope of work for this 2,659 square foot property includes exterior landscaping, opening the kitchen for a more modern floorplan, replacing appliances, and gutting the bathrooms.

The Results

• After Repair Value
$606,000
• Sale Price
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