The Client

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

The Investment

Fix & Flip – Single-Family
• Purchase Price
$510,000
• Renovation Budget
$10,000
• Loan Amount
$449,000
• Cash Available for Purchase
$449,000
• Cash Available for Renovation
$0

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and renovation of a multi-family home in Staten Island, New York—offering this experienced investor 88% of purchase cost and 75% of ARV. This 1,479 square foot property has a 3 bed/4 bath layout and only requires a light cosmetic rehab.

The Results

• After Repair Value
$599,000
• Sale Price
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