The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$385,000
• Renovation Budget
$39,000
• Loan Amount
$347,000
• Cash Available for Purchase
$308,000
• Cash Available for Renovation
$39,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip project in Lincroft, NJ. The investor, starting his first solo flip, is an experienced commercial construction project manager and lives in the area. The $39,000 scope of work for the renovation of this 2,100 square foot 5 bedroom home is mostly cosmetic, including updating the kitchen and bathrooms, repairing the roof and siding, and replacing windows.

The Results

• After Repair Value
$555,000
• Sale Price
• Return on Investment
• Project Payoff
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