The Client

• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$422,625
• Renovation Budget
$69,500
• Loan Amount
$396,500
• Cash Available for Purchase
$327,000
• Cash Available for Renovation
$69,500

The ABL Partnership

These borrowers have been friends for over 10 years and one of the partners has completed a successful fix and flip project before. The Colonial-style property has 3 bedrooms, 1 ½ baths, and a classic wood-burning fireplace. With this investment, they will focus on increasing the home’s curb appeal and HVAC, plus upgrading the kitchens and bathrooms and converting the home to a 3 bedroom, 3 bath. Our appraisers estimate the finished home will be worth over $600k!

The Results

• After Repair Value
$610,000
• Sale Price
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