The Client

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

The Investment

Gut Renovation
• Purchase Price
$493,000
• Renovation Budget
$201,000
• Loan Amount
$546,000
• Cash Available for Purchase
$387,000
• Cash Available for Renovation
$159,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for an exceptionally experienced investor in Nassau County NY. The 2,900 sqft single family property was purchased at auction and will undergo and complete gut renovation. The scope of work for this fix and flip includes interior demolition, new framing, replacing the windows and doors throughout, as well as new plumbing, electric, and HVAC systems. The kitchen and bathrooms will also be completely overhauled.

The Results

• After Repair Value
$850,000
• Sale Price
• Return on Investment
• Project Payoff
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