The Client

Experienced Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Gut Renovation Of Multifamily Property
• Purchase Price
$70,000
• Renovation Budget
$100,000
• Loan Amount
$136,000
• Cash Available for Purchase
$36,000
• Cash Available for Renovation
$100,000

The ABL Partnership

Asset Based Lending recently closed a hard money loan for the gut renovation of a two family row house in Philadelphia, PA. The renovation will be extensive, including all new electrical, plumbing, and HVAC systems in addition to new hardwood floors throughout. The borrower is an exceptionally experienced investor, and plans to keep the property for rental income once the rehab is complete. ABL will be facilitating the long term refinance through our Renovate to Rent program.

The Results

• After Repair Value
$255,000
• Sale Price
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