The Client

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

The Investment

Fix & Flip - 2 units
• Purchase Price
$50,000
• Renovation Budget
$45,000
• Loan Amount
$75,000
• Cash Available for Purchase
$30,000
• Cash Available for Renovation
$45,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and renovation of a multi-family home in Philadelphia, Pennsylvania—offering 100% of rehab. The scope of work for this 1,470 square foot property includes cosmetic upgrades, a new roof, and new windows.

The Results

• After Repair Value
$255,000
• Sale Price
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