The Client

Experienced Investors & Real Estate Agent
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$126,000
• Renovation Budget
$55,000
• Loan Amount
$161,000
• Cash Available for Purchase
$106,000
• Cash Available for Renovation
$55,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and renovation of a single-family home in Philadelphia, PA. The 1,100 square foot single-family property has a 3 bed/ 1 bath layout. The $55,000 scope of work for renovations includes a gutting the kitchen, updating appliances and air ducts, and other cosmetic upgrades.

The Results

• After Repair Value
$260,000
• Sale Price
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