The Client

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

The Investment

• Purchase Price
$147,200
• Renovation Budget
$50,600
• Loan Amount
$163,000
• Cash Available for Purchase
$112,400
• Cash Available for Renovation
$50,600

The ABL Partnership

This experienced real estate investor came to Asset Based Lending for a hard money fix and flip loan for a single family property in Newark, New Jersey. The scope of work for renovations includes updating the kitchen and bathrooms, adding two additional bedrooms, and updating all electrical systems, fixtures, and flooring.

The Results

• After Repair Value
$275,000
• Sale Price
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