The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$162,500
• Renovation Budget
$55,000
• Loan Amount
$184,000
• Cash Available for Purchase
$129,000
• Cash Available for Renovation
$55,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip project in Philadelphia, PA. For the investor’s second hard money loan with ABL, he’s buying an attached 1600 sqft single family home in need of $55,000 in renovations. The scope of work for renovations includes gutting the kitchen, building a new deck and HVAC system, as well as other cosmetic updates throughout.

The Results

• After Repair Value
$280,000
• Sale Price
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