The Client

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

The Investment

Gut Renovation Of Single Family Property
• Purchase Price
$211,000
• Renovation Budget
$90,000
• Loan Amount
$255,000
• Cash Available for Purchase
$165,000
• Cash Available for Renovation
$90,000

The ABL Partnership

Asset Based Lending financed a hard money loan for a repeat borrower and experienced investor looking to fix and flip a single family home in Nassau County, New York. The project was to be a complete gut renovation, requiring a $90,000 scope of work. In addition to completely overhauling the inside, the renovation plan includes replacing the roof, building a new deck in the backyard, and re-paving the driveway.

The Results

• After Repair Value
$400,000
• Sale Price
$450,000
• Return on Investment
• Project Payoff
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