The Client

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

The Investment

Fix & Flip – Single-Family
• Purchase Price
$125,000
• Renovation Budget
$175,000
• Loan Amount
$255,000
• Cash Available for Purchase
$80,000
• Cash Available for Renovation
$175,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan to a repeat borrower in Souderton, Pennsylvania—covering 100% of rehab. This 2,060 square foot single-family property has 4 bedrooms and 2 ½ bathrooms. The scope of work for this property includes kitchen and bathroom renovations, new flooring, new doors, electrical and plumbing upgrades, and various exterior repairs.

The Results

• After Repair Value
$365,000
• Sale Price
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