The Client

First Time Investor
• Loan Purpose
Cash Out And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$20,000
• Renovation Budget
$60,000
• Loan Amount
$80,000
• Cash Available for Purchase
$15,200
• Cash Available for Renovation
$60,000

The ABL Partnership

Asset Based Lending recently funded a cash out and rehab hard money loan in Philadelphia PA for a US Veteran who purchased the property cash in 2004. The subject property is a 926 square foot single family home in need of $60,000 worth of renovations. The scope of work for rehab includes new exterior finishing, repairing a leak in the roof, gutting the kitchen and bathrooms, installing new HVAC and plumbing, as well as adding a bedroom.

The Results

• After Repair Value
$165,000
• Sale Price
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