The Client

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

The Investment

• Purchase Price
$109,000
• Renovation Budget
$65,000
• Loan Amount
$139,000
• Cash Available for Purchase
$74,000
• Cash Available for Renovation
$65,000

The ABL Partnership

This first time fix and flip investor found Asset Based Lending through a referral from a previous borrower. ABL financed a hard money loan for this investor to purchase and rehab a three family property in Newark, New Jersey. The scope of work for renovations of this multifamily property include updating the roof, replacing the front porch, updating the kitchens and bathrooms, and a new paintjob throughout.

The Results

• After Repair Value
$249,000
• Sale Price
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