The Client

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

The Investment

Gut Renovation - Single Family
• Purchase Price
$365,000
• Renovation Budget
$180,000
• Loan Amount
$463,000
• Cash Available for Purchase
$283,000
• Cash Available for Renovation
$180,000

The ABL Partnership

Asset Based Lending is thrilled to finance another hard money loan for this repeat borrower and experienced real estate investor in Holmdel, NJ. The house is already gutted to the studs, so the $180,000 scope of work for this 3,149 sqft split-level ranch includes opening up the floorplan, adding a 4th bathroom, and finishing with a completely new kitchen, custom molding, and of course new sheetrock and flooring throughout.

The Results

• After Repair Value
$750,000
• Sale Price
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