The Client

Experienced flipper
• Loan Purpose
Property Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$195,000
• Renovation Budget
$110,000
• Loan Amount
$130,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This experienced investor and full time contractor found Asset Based Lending through a broker while looking for a hard money loan to finance the renovation of a single family home in Kenilworth NJ. The scope of work includes adding a second floor and increasing the overall square footage by 800 square feet.

The Results

• After Repair Value
$469,000
• Sale Price
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