The Client

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

The Investment

• Purchase Price
$790,000
• Renovation Budget
$400,000
• Loan Amount
$1,000,000
• Cash Available for Purchase
$600,000
• Cash Available for Renovation
$400,000

The ABL Partnership

This repeat borrower and experienced investor came back to Asset Based Lending for his latest fix and flip investment in Jupiter, Florida. This project is a hard money loan for the purchase and rehab of a 5,300 square foot single family property in need of a total gut renovation. To scope of work for renovations includes gutting the kitchen and bathrooms, interior demolition and altering the layout, new floors and paint throughout, as well us updates to the electrical and plumbing systems.

The Results

• After Repair Value
$1,600,000
• Sale Price
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