The Client

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

The Investment

Fix & Flip – Multi-Family (3)
• Purchase Price
$106,575
• Renovation Budget
$140,000
• Loan Amount
$220,000
• Cash Available for Purchase
$80,000
• Cash Available for Renovation
$140,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan to an experienced real estate investor in Paterson, New Jersey—offering 66% of ARV and 90% of total deal cost. This 3,100 square foot multi-family property has 3 bedrooms and 1 bathroom. Renovations will include a full gut, roof work, and siding.

The Results

• After Repair Value
$333,000
• Sale Price
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