The Client

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

The Investment

Fix & Flip - (2) Multi-Families
• Purchase Price
$306,000
• Renovation Budget
$27,000
• Loan Amount
$271,000
• Cash Available for Purchase
$244,000
• Cash Available for Renovation
$27,000

The ABL Partnership

Asset Based Lending recently funded a hard money blanket loan for the purchase and rehab of two properties in Paterson, NJ. The loan involves the purchase of a two-family property in need of minor rehab, in addition to a mixed-use property being converted into a three-family. The borrower is an experienced investor and repeat ABL borrower who plans on utilizing ABL’s renovate to rent program in order to keep the finished properties for rental income.

The Results

• After Repair Value
$545,000
• Sale Price
Back To All Case Studies