The Client

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

The Investment

Fix & Flip – Single-Family
• Purchase Price
$265,000
• Renovation Budget
$285,000
• Loan Amount
$485,000
• Cash Available for Purchase
$200,000
• Cash Available for Renovation
$285,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan to an experienced real estate investor in Scotch Plains, New Jersey, offering 88% of total deal cost. This 1,000 square foot—soon to be 2,700 square foot—single-family property has 5 bedrooms and 4 bathrooms. The scope of work will include kitchen and bathroom renovations, as well as a square footage addition.

The Results

• After Repair Value
$747,000
• Sale Price
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