The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$360,500
• Renovation Budget
$49,000
• Loan Amount
$337,000
• Cash Available for Purchase
$288,000
• Cash Available for Renovation
$49,000

The ABL Partnership

Asset Based Lending recently financed a hard money loan for a fix and flip project in Norwalk, Connecticut. The borrowers found this bank-owned 2,100 square foot single family ranch through a realtor on the MLS. The investors will use the $49,000 rehab budget to fix the odd floor plan, add a 4th bedroom, repair and replace windows and roofing, and other cosmetic upgrades throughout.

The Results

• After Repair Value
$600,000
• Sale Price
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