The Client

• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

• Purchase Price
$345,000
• Renovation Budget
$30,000
• Loan Amount
$306,000
• Cash Available for Purchase
$276,000
• Cash Available for Renovation
$30,000

The ABL Partnership

This real estate investor found Asset Based Lending through a local mortgage broker’s referral. ABL funded a hard money fix and flip loan for the purchase and renovation of a multi-family property in Jersey City, New Jersey. The scope of work for renovations includes updating the plumbing systems, new appliances and drywall throughout, as well as overhauling the HVAC system. The kitchen and bathrooms will be cleaned up and updated.

The Results

• After Repair Value
$474,000
• Sale Price
• Return on Investment
• Project Payoff
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