The Client

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

The Investment

Fix & Flip – Single-Family
• Purchase Price
$109,000
• Renovation Budget
$73,000
• Loan Amount
$162,000
• Cash Available for Purchase
$89,000
• Cash Available for Renovation
$73,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan to an experienced real estate investor in Union Beach, New Jersey—covering 100% of rehab. This 1,200 square foot single-family property has a 3 bed/1 bath layout with rehab plans for a second bathroom. The scope of work also includes kitchen and bathroom renovations, flooring updates, and a new roof.

The Results

• After Repair Value
$300,000
• Sale Price
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