The Client

Repeat Borrower
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$230,000
• Renovation Budget
$30,000
• Loan Amount
$216,000
• Cash Available for Purchase
$186,000
• Cash Available for Renovation
$30,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower and retired Navy veteran in Laurel, Maryland. The subject property is an 1,100 sqft 3 bed / 1 bath single family home in need of approximately $30,000 in rehab. The scope of work for renovations includes replacing the furnace, adding central air conditioning, finishing the basement, new hardwood flooring throughout, and gutting the kitchen and bathroom.

The Results

• After Repair Value
$333,000
• Sale Price
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