The Client

New Investors
• Loan Purpose
Land Purchase And New Construction
• Loan Structure
12 Months Interest Only

The Investment

New Construction - Single Family
• Purchase Price
$110,000
• Renovation Budget
$40,000
• Loan Amount
$127,000
• Cash Available for Purchase
$87,000
• Cash Available for Renovation
40,000

The ABL Partnership

This fix and flip couple were looking for their perfect first investment for a year before they finally found it in Plainfield, New Jersey. To get this 1500 sq ft home ready for its future owners, they will finish the basement and add a bathroom, widen the driveway, add two windows, and install gutters. They found the partially completed property through a real estate agent after the previous builder ran out of money midway through the project. By obtaining a hard money loan and planning for twice as much work as they expect to complete, this team is ensuring that they will have more than enough cash to finish the job.

The Results

• After Repair Value
$219,000
• Sale Price
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