The Client

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

The Investment

• Purchase Price
$85,000
• Renovation Budget
$35,000
• Loan Amount
$95,000
• Cash Available for Purchase
$60,000
• Cash Available for Renovation
$35,000

The ABL Partnership

Asset Based Lending recently funded a $95,000 hard money loan for the purchase and rehab of a property in Pottstown, PA. These experienced investors definitely have their work cut out for them with this fix and flip project! The first phase of this project includes a partial demolition, followed by the next phase which includes a complete renovation of the kitchen, where new cabinets and countertops will be installed, as well as a renovation of each bathroom, where new bathtubs, showers, sinks and toilets will be installed. Brand new electrical and HVAC systems will be installed and new flooring and paint will be added throughout the property! We can’t wait to see the finished product!

The Results

• After Repair Value
$170,000
• Sale Price
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