Asset Based Lending funded a hard money loan for the purchase and rehab of a single family home in Huntington, New York. The investor is a repeat borrower and experienced investor who found the property through his local network of wholesalers. The subject property is a 2,600 square foot 4 bed / 3 bath home on 1 acre in need of roughly $96,000 in renovations. The $96,000 scope of work for this fix and flip includes pool repairs, finishing the basement, installing new HVAC and electrical systems, gutting the kitchen and bathrooms, as well as new flooring throughout.
