Asset Based Lending recently funded a fix and flip loan in LaGrange Ohio for a first-time borrower and real estate investor. This property was purchased for $40,000 with a loan amount of $77,000 and a renovation budget of $57,000. The scope of work will receive new exterior steel doors, gutting to the studs, LVP flooring throughout, new vanities, porcelain vanity top, toilets, sinks and bathtubs. The kitchen will receive new shaker cabinets, laminate countertops, white appliances, and subway tile backsplash. General renovations will include paint throughout, reframe and new dry wall, and new light fixtures.
