The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$220,000
• Renovation Budget
$47,000
• Loan Amount
$223,000
• Cash Available for Purchase
$176,000
• Cash Available for Renovation
$47,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a project in Linden, New Jersey. The borrowers are purchasing a 1,116 square foot single family home with 4 bedrooms and 1.5 bathrooms. The $47,000 scope of work for renovations includes updating the kitchen and bathrooms, removing the oil tank, updating the floors, and new paint throughout.

The Results

• After Repair Value
$353,000
• Sale Price
• Return on Investment
• Project Payoff
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