The Client

Experienced Contractor
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$393,000
• Renovation Budget
$0
• Loan Amount
$240,000
• Cash Available for Purchase
$240,000
• Cash Available for Renovation

The ABL Partnership

After the deal fell through with a conventional lender, the investor came to Asset Based Lending for quick-close purchase loan in order to buy this single family home in Nassau County, NY. The investor, an accountant for the State, will be funding the cosmetic rehab of this 2,075 sqft 6 bed / 3 bath home with his own funds.

The Results

• After Repair Value
$550,000
• Sale Price
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