The Client

Experienced Investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$132,000
• Renovation Budget
$40,000
• Loan Amount
$145,000
• Cash Available for Purchase
$105,000
• Cash Available for Renovation
$40,000

The ABL Partnership

Asset Based Lending recently closed a $145,000 fix and flip hard money loan for a four bedroom, three bath investment property in Oxford, PA. With another project just blocks away, this seasoned investor is really looking to revamp the neighborhood! The scope of work for this project includes a complete gut renovation of the kitchen and three bathrooms. A few walls will be blown out in the kitchen in order to make room for an open concept living space. All new cabinets, hardware, sinks, countertops, and appliances will be added to the property! A fresh coat of paint and engineered hardwood flooring will be added throughout! Along with the major interior renovations, our investors plan to update the exterior by power washing the exterior of the property and adding a bit of landscaping to really give this house proper “curb appeal!”

 

The Results

• After Repair Value
$260,000
• Sale Price
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