The Client

Experienced Investor & Community Developer
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip – Single Family (Blanket Loan)
• Purchase Price
$170,000
• Renovation Budget
$0
• Loan Amount
$153,000
• Cash Available for Purchase
$153,000
• Cash Available for Renovation
$0

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for an experienced real estate investor and new ABL borrower in St. Petersburg, Florida—offering 90% of purchase as a part of ABL’s new high LTV loan program. This blanket loan is comprised of two detached single-family homes. After previous improvements, the scope of work for the 5 bed/2 bath includes appliance upgrades, a few cosmetic changes, and some urban agricultural development. The 4 bed/2 bath will receive appliance upgrades, new floors, and a new roof that the borrower is self-funding.

The Results

• After Repair Value
$255,000
• Sale Price
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