The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$308,000
• Renovation Budget
$10,000
• Loan Amount
$245,000
• Cash Available for Purchase
$235,000
• Cash Available for Renovation
$10,000

The ABL Partnership

This fix and flip team found their property at a sheriff sale. Their original lender backed out at the last minute, so these first-time ABL borrowers came to us for a rush close. The property is already in good shape, and with a little paint, some carpet removal, floor finishes, and new front handrails, this NJ single family home will be back on the market.

The Results

• After Repair Value
$378,000
• Sale Price
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