The Client

Mother And Son Flipping Team
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

• Purchase Price
$135,100
• Renovation Budget
$68,000
• Loan Amount
$172,000
• Cash Available for Purchase
$104,000
• Cash Available for Renovation
$68,000

The ABL Partnership

This family investing team acquired their fix and flip property through a for sale by owner listing and have big plans to turn it around for profit. They came to ABL seeking a hard money loan to fund the purchase and rehab costs for their investment. They plan to expand on the living space of the home by completely refinishing the basement and adding a full bathroom as well as attaching a sweeping front deck. The scope of work also includes updated kitchen and bathrooms, refinished flooring and freshly painted siding. They have set a timeline of 60 days for project completion and we’re confident they can get it done on time!

The Results

• After Repair Value
$270,000
• Sale Price
• Return on Investment
• Project Payoff
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