The Client

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

The Investment

Fix & Flip - Single Family Condo
• Purchase Price
$161,700
• Renovation Budget
$18,000
• Loan Amount
$147,000
• Cash Available for Purchase
$129,000
• Cash Available for Renovation
$18,000

The ABL Partnership

The borrower for this 1,554 square foot 3 bedroom / 2 bathroom condo fix and flip in Naples, Florida is a licensed general contractor that has been renovating properties for years. This project will be his first as the primary investor. ABL funded a hard money fix and flip loan that includes an $18,000 rehab budget that will be used to open the kitchen to the living room, replace appliances and cabinet fronts, install a new backsplash, and other cosmetic upgrades throughout.

The Results

• After Repair Value
$265,000
• Sale Price
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