The Client

New Investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$47,000
• Renovation Budget
$49,250
• Loan Amount
$76,000
• Cash Available for Purchase
$26,750
• Cash Available for Renovation
$49,250

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a professional carpenter working on his first flip. The borrower will use his substantial renovation budget to replace all the windows, install new siding, upgrade the electrical system, and completely gut the kitchen and bathrooms. In addition, hardwood flooring will be added or refinished throughout the property and the plumbing system will be refreshed.

The Results

• After Repair Value
$152,000
• Sale Price
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