The Client

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

The Investment

• Purchase Price
$425,000
• Renovation Budget
$200,000
• Loan Amount
$520,000
• Cash Available for Purchase
$320,000
• Cash Available for Renovation
$200,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for an experienced investor in Yonkers, New York. The investor is embarking on a gut renovation of this 7-unit property, with the finished property consisting of (6) 2 bedroom apartments, and (1) 3 bedroom unit. Having completed similar gut rehabs in the area before, we can’t wait to see this real estate investor is able to do with this one!

The Results

• After Repair Value
$925,000
• Sale Price
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