Asset Based Lending recently funded a hard money fix and flip loan in Madison Wisconsin. The borrower is a first-time ABL borrower and newer real estate investor. The property is a 5-bedroom, 2.5-bathroom measured at 1,200 square feet. Original homeowner is friends with the borrower and sold them the home at a reasonable price. This cosmetic fix and flip will focus on major updates to the kitchen with new appliances and countertops, along with minor updates to the interior & exterior doors, molding and trim upgrades, new light fixtures, and small updates to property exterior such as fresh paint and landscaping. The project is expected to take less than six months with the borrower selling the property shortly after completion.
