The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$286,500
• Renovation Budget
$30,000
• Loan Amount
$253,000
• Cash Available for Purchase
$223,000
• Cash Available for Renovation
$30,000

The ABL Partnership

Asset Based Lending recently funded a multi-property fix and flip loan in Baltimore, Maryland for an investor embarking on his first solo fix and flip. The deal includes three properties on the same block in Baltimore. The first is an 1,180 square foot 3 bed 1 bath single family home that was purchased at auction and requires roughly $25,000 in rehab. The other two properties are 1,340 square feet each, all requiring similar cosmetic renovations.

The Results

• After Repair Value
$412,000
• Sale Price
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