The Client

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

The Investment

Fix & Flip – Single-Family
• Purchase Price
$339,000
• Renovation Budget
$95,000
• Loan Amount
$390,000
• Cash Available for Purchase
$295,000
• Cash Available for Renovation
$95,000

The ABL Partnership

Asset Based Lending recently funded a 90% LTC hard money fix and flip loan to an experienced real estate investor in Pleasantville, New York—covering 100% of rehab. This 1,891 square foot single-family property has 5 bedrooms and 3 bathrooms. The scope of work for this gut renovation includes a completely redone kitchen, finished bathrooms, new flooring, new ceilings, and various outdoor repairs.

The Results

• After Repair Value
$580,000
• Sale Price
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