The Client

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

The Investment

Gut Renovation Of Single Family Property
• Purchase Price
$70,000
• Renovation Budget
$95,000
• Loan Amount
$140,000
• Cash Available for Purchase
$45,000
• Cash Available for Renovation
$95,000

The ABL Partnership

This experienced real estate investor and repeat borrower came back to ABL for a hard money fix and flip loan on a single family property in Newark, NJ. The scope of renovations for this project is extensive; a $95,000 total gut rehab. The borrower flipped a similar property on the same street, so he will be using the same team and plan on this property in order to replicate the deal’s success.

The Results

• After Repair Value
$246,000
• Sale Price
• Return on Investment
• Project Payoff
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