The Client

First-Time Borrower — Experienced Real Estate Investor
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only
• Loan Used

The Investment

Fix And Flip — Cosmetic Renovation
• Purchase Price
$287,000
• Renovation Budget
$40,200
• Loan Amount
$262,000
• Cash Available for Purchase
$262,000
• Cash Available for Renovation
$40,200

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan in Hollywood Florida. The borrower is a first-time borrower and experienced real estate investor. The property is a single-family 2-bedroom, 2-bathroom measured at 1,151 square feet. Property will receive new hurricane-proof impact windows, new roof, fenced backyard, and repairs to the existing porch along with various small cosmetic updates to the yard. Kitchen will be highlighted by new quartz countertops, wood cabinets, and stainless steel appliances. Bathrooms will receive new ceramic tile flooring and potentially updates to their piping. Project is expected to take approximately two months with final sale occurring shortly after completion.

The Results

• After Repair Value
$375,000
• Sale Price
• Return on Investment
• Project Payoff
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