The Client

Repeat Borrower
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

• Purchase Price
$300,000
• Renovation Budget
$65,000
• Loan Amount
$305,000
• Cash Available for Purchase
$240,000
• Cash Available for Renovation
$65,000

The ABL Partnership

Asset Based Lending is glad to be financing this hard money fix and flip loan for a repeat borrower buying and rehabbing a two-family short sale in Bayonne, New Jersey. The investor lives in the same neighborhood as the subject property, which give him a high level of local market insight. The scope of work for the renovation of this 2,500 square foot property includes gutting the kitchens and bathrooms, refinishing the basement, and new floors and paint throughout. With this investor’s track record, we can’t wait to see the finished home!

The Results

• After Repair Value
$489,000
• Sale Price
• Return on Investment
• Project Payoff
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