The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$399,000
• Renovation Budget
$300,000
• Loan Amount
$594,000
• Cash Available for Purchase
$294,000
• Cash Available for Renovation
$300,000

The ABL Partnership

After two clean and successful fix and flips with ABL, this two-person investing team is ready for a massive fix and flip with $300k in rehab and an ARV of $930k. They will completely rebuild the house and add a second floor, increasing the square footage from 1,334 to 2,600. The finished product will be a colonial 4 bed, 2 bath with high quality finishes, a finished basement, an open floor plan, and high efficiency utilities and electric. Their builder has 20 years of experience and is an ABL borrower himself; we are confident he will help them pull off another successful fix and flip project within their projected 4-month timeline.

The Results

• After Repair Value
$930,000
• Sale Price
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