The Client

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

The Investment

Gut Renovation - Single Family
• Purchase Price
$110,000
• Renovation Budget
$150,000
• Loan Amount
$217,000
• Cash Available for Purchase
$67,000
• Cash Available for Renovation
$150,000

The ABL Partnership

Asset Based Lending recently funded this fix and flip loan in St Petersburg Florida for an extremely experienced investor and builder in the area. The plan is to complete a total gut renovation with an addition to ultimately build a home better suited for the local demographic. The finished home will be a 2,000 square foot 4 bed/2 bath with 14 foot ceilings, medium finishes plus a garage. This investor has already built and sold similar homes on the same street, and we’re confident this project will be equally successful!

The Results

• After Repair Value
$420,000
• Sale Price
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