The Client

First-Time Investor, Experienced Contractor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$133,000
• Renovation Budget
$92,000
• Loan Amount
$191,000
• Cash Available for Purchase
$106,000
• Cash Available for Renovation
$85,000

The ABL Partnership

This borrower made his hard money fix and flip loan work, transforming a simple 2 bedroom house into a classic, modern, and airy 4-bedroom home. His finished project is almost unrecognizable when compared with the outset. With hardwood floors, fresh white walls, and a high-end kitchen with stainless steel appliances, it’s no wonder that this property sold for above asking price. A job well-done by this first time ABL borrower and investor!

The Results

• After Repair Value
$350,000
• Sale Price
$380,000
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