The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$102,500
• Renovation Budget
$90,500
• Loan Amount
$153,000
• Cash Available for Purchase
$52,555
• Cash Available for Renovation
$90,500

The ABL Partnership

Asset Based Lending recently financed a hard money fix and flip loan for a team of Fortune Builders educated investors starting a project in Bristol, PA. Found through a wholesaler, the subject property is a 1,198 square foot single family cape with 4 bedrooms and 1 bathroom in an area with low inventory. The $90,000 scope of work for renovations includes installing solar panels, replacing siding and windows, installing central air, gutting the kitchen and bathroom, as well and installing new lighting and floors throughout.

The Results

• After Repair Value
$240,000
• Sale Price
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