The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$325,000
• Renovation Budget
$51,650
• Loan Amount
$310,000
• Cash Available for Purchase
$242,850
• Cash Available for Renovation
$51,650

The ABL Partnership

Asset Based Lending recently financed a hard money loan for a fix and flip in Phoenixville, PA. The borrower is new to ABL but an experienced real estate investor and retired financial services professional. The subject property is a 3,400 square foot single family home in Chester County with 5 bedrooms and 3 bathrooms. The $51,000 scope of work for renovations includes gutting the kitchen and bathrooms, upgrades to the plumbing and HVAC systems, new flooring and paint throughout, as well as other cosmetic improvements.

The Results

• After Repair Value
$560,000
• Sale Price
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