The Client

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

The Investment

Mutli Family Fix And Flip
• Purchase Price
$413,000
• Renovation Budget
$40,000
• Loan Amount
$370,000
• Cash Available for Purchase
$330,000
• Cash Available for Renovation
$40,000

The ABL Partnership

Although this property is located in a flood zone, it was not damaged by Hurricane Sandy and already meets the elevation requirements for the area, so the home only requires some light rehab in order to turn a sizable profit for these investors. After a thorough power wash, upgraded lighting, and new brushed nickel hardware, the exterior of the house will be all but complete. For the interior, most of the work will involve updating the kitchen and baths and sprucing things up with new paint, hardware, and floor polish. We can’t wait to see the result of this hard money fix and flip loan!

The Results

• After Repair Value
$570,000
• Sale Price
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