The Client

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

The Investment

• Purchase Price
$500,000
• Renovation Budget
$67,000
• Loan Amount
$467,000
• Cash Available for Purchase
$400,000
• Cash Available for Renovation
$67,000

The ABL Partnership

Asset Based Lending is glad to have this repeat borrower and experienced investor back for a hard money fix and flip loan in New York. The scope of work for renovations of this 3,660 square foot three-family home is extensive and includes interior and exterior paint, gutted kitchens and bathrooms, updated floors, and a new basement. The investor will also be replacing all siding and windows, as well as replacing the roof.

The Results

• After Repair Value
$740,000
• Sale Price
• Return on Investment
• Project Payoff
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