Asset Based Lending recently funded a fix and flip loan in Lowell Massachusetts for a longtime repeat borrower and highly experienced real estate investor. The property was purchased for $205,000 with a loan amount of $201,000. The scope of work for this 1,100 square foot project will include new doors, light fixtures, and paint throughout the interior. Kitchen will receive painted cabinets, new granite counters, and stainless-steel appliances. The bathroom will be refreshed with a reglazed tub, new toilet, and vanity. The AC will be replaced or repaired as needed. The rehabilitation timeline is one month, with two months for sale.
