The Client

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

The Investment

Gut Renovation - Two Family
• Purchase Price
$210,000
• Renovation Budget
$150,000
• Loan Amount
$324,000
• Cash Available for Purchase
$174,000
• Cash Available for Renovation
$150,000

The ABL Partnership

After doing about 10 deals with ABL, these experienced real estate investors are back for their latest project in Jersey City, NJ. This $324,000 hard money loan is for the purchase and rehab of a 2,200 square foot two family home. The $150,000 renovation budget is a gut to the studs but will follow a plan almost exactly like one of their prior projects, even featuring exposed brick and high end finishes.

The Results

• After Repair Value
$537,000
• Sale Price
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