The Client

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

The Investment

• Purchase Price
$310,000
• Renovation Budget
$125,000
• Loan Amount
$369,000
• Cash Available for Purchase
$244,000
• Cash Available for Renovation
$125,000

The ABL Partnership

This experienced builder and real estate investor came to Asset Based Lending for a hard money fix and flip loan in Clark, NJ. The scope of work for this 1,970 square foot 4 bed 2 bath single family property is extensive. The rehab includes new 2-zone air conditioning, new mechanical and electrical, opening up the floor plan on the first floor, and updating the floors and master suite.

The Results

• After Repair Value
$577,000
• Sale Price
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