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
$172,557
• Renovation Budget
$40,000
• Loan Amount
$186,000
• Cash Available for Purchase
$146,000
• Cash Available for Renovation
$40,000

The ABL Partnership

Asset Based Lending in glad to have this repeat borrower and experienced real estate investor back for another deal! This hard money fix and flip loan is for the purchase and renovation of a single family home in Forked River, NJ. The $40,000 scope of work for renovations includes gutting the kitchen, updating the bathrooms, replacing the flooring throughout, updating the air conditioning, and other cosmetic upgrades.

The Results

• After Repair Value
$300,000
• Sale Price
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