The Client

Experienced Investor
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

2 Property Blanket - Multi Family Gut Rehab
• Purchase Price
$230,000
• Renovation Budget
$210,000
• Loan Amount
$374,000 (2 Property Blanket)
• Cash Available for Purchase
$164,000 (Total)
• Cash Available for Renovation
$210,000 (Total)

The ABL Partnership

This investor has done over ten deals in the past two years, so we are sure he will tackle this three-unit, 5-bedroom, 3-bath multi-family fix and flip with ease. In fact, this investor is actually flipping a couple different multi-family properties on the same block simultaneously with a multi property blanket loan from ABL! He is planning for a major rehab of the original properties with a renovation budget that’s only $20,000 less than the original purchase price. He is going to replace interior doors, tile kitchens and bathrooms, install bathroom fixtures and kitchen cabinets and counters, and re-paint the interiors, among other renovations. We can’t wait to see how he transforms the Allentown neighborhood he is working in!

The Results

• After Repair Value
$621,000
• Sale Price
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