The Client

First Time Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Fix & Flip - Single Family
• Purchase Price
$180,000
• Renovation Budget
$60,000
• Loan Amount
$204,000
• Cash Available for Purchase
$144,000
• Cash Available for Renovation
$60,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a first time investor in Maryland. The project is a purchase and renovation of a 1,148 square foot single family home with 3 bathrooms. The rehab includes adding a bedroom to make it 4 beds and 3 baths, while completely overhauling all three bathrooms as well as the kitchen and remainder of the interior.

The Results

• After Repair Value
$347,000
• Sale Price
• Return on Investment
• Project Payoff
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