The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$303,000
• Renovation Budget
$18,000
• Loan Amount
$260,000
• Cash Available for Purchase
$242,000
• Cash Available for Renovation
$18,000

The ABL Partnership

This repeat borrower and experienced real estate investor came back to Asset Based Lending for a hard money loan for a purchase and rehab project in Indian Head, Maryland. The project is a renovation of a 4 bedroom, 2.5 bathroom single family home totaling roughly 4,400 square feet. The scope of work for renovations includes rehabbing the kitchen and bathrooms, updating the paint and fixtures, as well as new flooring and fixtures throughout.

The Results

• After Repair Value
$435,000
• Sale Price
• Return on Investment
• Project Payoff
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