The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$390,000
• Renovation Budget
$65,000
• Loan Amount
$365,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a $365,000 hard money loan for a fix and flip project in Miami, Florida. This investor is experienced in the area, having completed 6-10 flips in the last 18 months. The scope of work for renovations is extensive and includes new drywall, electric and plumbing system overhauls, and interior/exterior cosmetic improvements.

The Results

• After Repair Value
$750,000
• Sale Price
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