The Client

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

The Investment

• Purchase Price
$300,000
• Renovation Budget
$148,550
• Loan Amount
$364,000
• Cash Available for Purchase
$215,450
• Cash Available for Renovation
$148,550

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip real estate investor in Queens, NY. The scope of work for this large renovation calls for a total gut of the existing property without adding square footage. The borrower will also replace the roof, finish the basement, add a bathroom, and upgrade the electrical and plumbing throughout.

The Results

• After Repair Value
$560,000
• Sale Price
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