The Client

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

The Investment

• Purchase Price
$90,000
• Renovation Budget
$50,000
• Loan Amount
$119,000
• Cash Available for Purchase
$69,000
• Cash Available for Renovation
$50,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower buying an attached single family property in Montgomery County, PA. The scope of work for this $50,000 renovation includes some interior demolition, adding a new half bathroom, new paint throughout, updating the bathrooms, and new hardwood flooring.

The Results

• After Repair Value
$188,000
• Sale Price
• Return on Investment
• Project Payoff
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