The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$455,000
• Renovation Budget
$45,000
• Loan Amount
$409,000
• Cash Available for Purchase
$341,506
• Cash Available for Renovation
$45,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip in Princeton, New Jersey. The borrower is an experienced real estate investor who met members of ABL’s team at a local real estate investor networking event. The subject property is a 3,354 square foot single family home with 4 beds and 2.5 baths in need of approximately $45,000 in renovations. The rehab scope of work includes gutting the kitchen and opening up the floor plan, updating the bathrooms, and repairing the pool.

The Results

• After Repair Value
$681,000
• Sale Price
• Return on Investment
• Project Payoff
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