The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$57,000
• Renovation Budget
$25,000
• Loan Amount
$62,000
• Cash Available for Purchase
$37,000
• Cash Available for Renovation
$25,000

The ABL Partnership

The most intense work this fix and flip project requires is a roof repair and a new central AC unit; beyond that, a paint job, some flooring replacements, and upgrades to the kitchen and bathrooms should do the trick. After this investor is finished with rehab, this property will be a modern, clean, and affordable three-bedroom home for a lucky Florida family. Asset Based Lending is glad to have this repeat borrower back for another hard money loan!

The Results

• After Repair Value
$135,000
• Sale Price
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