The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$78,000
• Renovation Budget
$90,000
• Loan Amount
$142,000
• Cash Available for Purchase
$44,199
• Cash Available for Renovation
$90,000

The ABL Partnership

Asset Based Lending recently financed a rush closing for a hard money fix and flip loan in Baltimore, MD. The borrower is a repeat borrower with ABL and is purchasing a 2,976 square foot single family home with 6 bedrooms and 4 bathrooms. The property is currently structured like a 3-family house, but will be converted back to a single family with the $90,000 scope of work. Additionally, they will convert the 3rd floor to a master suite and renovate the house with high-end finishes throughout.

The Results

• After Repair Value
$307,000
• Sale Price
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