The Client

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

The Investment

Fix & Flip - Multi Family
• Purchase Price
$302,000
• Renovation Budget
$15,000
• Loan Amount
$257,000
• Cash Available for Purchase
$242,000
• Cash Available for Renovation
$15,000

The ABL Partnership

Our borrower snatched up this fix and flip property at a foreclosure auction. He plans to have it fixed and back on the market within two months, and the two-family home is in such good shape that he should not have a problem. To make it more desirable, he will replace flooring, paint the exterior, deep clean the house, and apply some cosmetic fixes to the bathrooms and the first floor kitchen.

The Results

• After Repair Value
$390,000
• Sale Price
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