The Client

Repeat Borrower & Fortune Builders Graduates
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Gut Renovation - Single Family
• Purchase Price
$130,000
• Renovation Budget
$110,000
• Loan Amount
$204,000
• Cash Available for Purchase
$94,000
• Cash Available for Renovation
$110,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan in Feasterville Trevose PA for a repeat borrower we met at a local Real Estate Investor Association meeting. The subject property is a 1344 square foot 3 bedroom / 2.5 bathroom single family house in need of approximately $110,000 in renovation. The scope of work is extensive and includes adding a second floor with 3 new bedrooms and a new bathroom, engineered hardwood floors throughout, and all new siding, windows, and roofing. This is a substantial project, but we believe this husband and wife team of Fortune Builders graduates is up for the challenge!

The Results

• After Repair Value
$320,000
• Sale Price
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