The Client

Repeat Borrower & Experienced Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Fix & Flip - Single Family
• Purchase Price
$279,000
• Renovation Budget
$62,000
• Loan Amount
$263,000
• Cash Available for Purchase
$188,000
• Cash Available for Renovation
$62,000

The ABL Partnership

Asset Based Lending recently financed a hard money loan for a fix and flip project in Bay Shore NY. The borrowers are experienced investors and repeat borrowers who found this property through a friend. One of the investors is a full time General Contractor, and will be managing the $62,000 renovation himself. The scope of work for renovation includes gutting the kitchen and bathrooms, a new room, fresh paint throughout, and updating all flooring.

The Results

• After Repair Value
$410,000
• Sale Price
• Return on Investment
• Project Payoff
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