The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$325,500
• Renovation Budget
$32,000
• Loan Amount
$286,000
• Cash Available for Purchase
$254,000
• Cash Available for Renovation
$32,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower and real estate investor in Staten Island, New York. The investor purchased the REO property at auction and has determined it needs $32,000 in renovations. The scope of work for rehab includes gutting the kitchen and bathroom, patching some drywall, and other cosmetic improvements.

The Results

• After Repair Value
$440,000
• Sale Price
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