The Client

Repeat Borrower & Experienced Investor
• Loan Purpose
Cash Out And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$115,500
• Renovation Budget
$25,000
• Loan Amount
$118,000
• Cash Available for Purchase
$93,000 (Cash Out)
• Cash Available for Renovation
$25,000

The ABL Partnership

Asset Based Lending recently financed this cash out and renovation loan for a repeat borrower and experienced real estate investor in Cape Coral, Florida. The subject property is a 1500 square foot 3 bed / 2 bath single family home in need of just $25,000 in renovations. Having completed approximately 20 deals in the last 2 years, this experienced investor plans to be out of to finish the rehab and sell the project in approximately 3 months.

The Results

• After Repair Value
$182,000
• Sale Price
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