The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$256,000
• Renovation Budget
$23,000
• Loan Amount
$222,000
• Cash Available for Purchase
199,000
• Cash Available for Renovation
$23,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip project in Annapolis, Maryland. The borrower is a retired Military officer, prolific construction project manager, real estate broker, and fix and flip investor. The 1900 sqft 3 bedroom home is in need of minor repairs; the $23,000 scope of work includes modernization of the interior, paint, and other cosmetic upgrades throughout.

The Results

• After Repair Value
$342,000
• Sale Price
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