The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$109,900
• Renovation Budget
$36,000
• Loan Amount
$116,000
• Cash Available for Purchase
$80,000
• Cash Available for Renovation
$36,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan in Manchester Connecticut for a real estate investor embarking on his first fix and flip project. The property was found with the help of a realtor, and is located in the area where the investor has lived for the last 18 years. The scope of work for the $36,000 rehab includes re-finishing the hardwood floors, upgrading the kitchen and bathroom, fixing the roof, and other cosmetic upgrades throughout.

The Results

• After Repair Value
$198,000
• Sale Price
• Return on Investment
• Project Payoff
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