The Client

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

The Investment

Fix & Flip – Single-Family
• Purchase Price
$225,000
• Renovation Budget
$103,000
• Loan Amount
$276,000
• Cash Available for Purchase
$173,000
• Cash Available for Renovation
$103,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for an experienced real estate investor in Central Islip, New York—covering 100% of of the $103,000 renovation budget. This 6,000 square foot single-family property has 6 bedrooms and 4 bathrooms. This gut to the studs renovation will include roofing and siding, as well as electrical and plumbing updates.

The Results

• After Repair Value
$450,000
• Sale Price
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