The Client

Repeat Borrower & Experienced Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Fix & Flip - Single Family
• Purchase Price
$145,000
• Renovation Budget
$12,000
• Loan Amount
$128,000
• Cash Available for Purchase
$110,250
• Cash Available for Renovation
$12,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for repeat borrower and experienced real estate investor in Cape Coral, Florida. The subject property is a 3 bed / 2 bath 1,210 square foot single family home in need of $12,000 worth of minor renovations. The rehab is mostly cosmetic, and includes repairing the roof as well as new paint and flooring throughout. Despite the issues facing the capital markets due to COVID-19, ABL was able to finance this hard money fix and flip in project in FL at 82% of cost.

The Results

• After Repair Value
$198,000
• Sale Price
• Return on Investment
• Project Payoff
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