The Client

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

The Investment

• Purchase Price
$109,000
• Renovation Budget
$60,000
• Loan Amount
$143,000
• Cash Available for Purchase
$83,000
• Cash Available for Renovation
$60,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for an experienced investor and real estate entrepreneur in Bayonne, New Jersey. ABL was able to close this deal in just over a week in order to accommodate the borrower’s rush needs. The scope of work is essentially a gut rehab of a 1,200 square-foot single family attached property, and the borrower plans to sell the finished home for at least $250,000.

The Results

• After Repair Value
$256,000
• Sale Price
• Return on Investment
• Project Payoff
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