The Client

Experienced Real Estate Team
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$108,675
• Renovation Budget
$51,250
• Loan Amount
$128,000
• Cash Available for Purchase
$76,750
• Cash Available for Renovation
$51,250

The ABL Partnership

This experienced team came to ABL seeking a hard money loan for a fix and flip project in Paterson, New Jersey after they acquired a fixer upper in an online auction. This is truly the ultimate investing team as they cover all aspects of a deal from buying to renovating to selling their investment property. The scope of work includes a small renovation but is poised to boost the value of the property tremendously! After updating the bathrooms and kitchens and doing some general property upkeep, the ARV is set at $245,000. ABL wishes our borrowers the best of luck and is eager to see and share the results of the final project!

The Results

• After Repair Value
$245,000
• Sale Price
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