The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$1,020,000
• Renovation Budget
$150,000
• Loan Amount
$1,053,000
• Cash Available for Purchase
$903,000
• Cash Available for Renovation
$150,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for an experienced real estate investor in Alpine, New Jersey, offering 90% of total cost—as part of ABL’s new high LTV program for experienced investors. The ranch-style single-family property has a 4 bed/ 3 bath layout. The scope of work includes finishing the basement, kitchen and bathroom renovations, appliance upgrades, and some exterior changes.

The Results

• After Repair Value
$1,500,000
• Sale Price
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