The Client

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

The Investment

Fix & Flip - 3 Properties
• Purchase Price
$510,000
• Renovation Budget
$100,000
• Loan Amount
$533,000
• Cash Available for Purchase
$433,000
• Cash Available for Renovation
$100,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for an experienced real estate investor in West Hartford, Connecticut, offering 85% of purchase. This blanket loan is comprised of three properties: single family, two-family, and three-family. The scope of work for all three includes kitchen and bathroom renovations, appliance upgrades, and some exterior cosmetic changes.

The Results

• After Repair Value
$845,00
• Sale Price
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