The Client

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

The Investment

Gut Renovation - Multi-Family 3
• Purchase Price
$115,000
• Renovation Budget
$130,000
• Loan Amount
$208,000
• Cash Available for Purchase
$78,000
• Cash Available for Renovation
$130,000

The ABL Partnership

Asset Based Lending recently financed a hard money loan for a fix and flip project in Paterson, NJ. The investor, on his 4th deal with ABL, purchased the property as a short-sale in need of $130,000 worth of work. The scope of work for rehab includes a full gut renovation of the 2,850 square foot three-family house, with 3 units each consisting of 3 bedrooms and 1 bathroom.

The Results

• After Repair Value
$325,000
• Sale Price
• Return on Investment
• Project Payoff
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