The Client

Experienced Investor & Builder
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

• Purchase Price
$281,900
• Renovation Budget
$23,000
• Loan Amount
$245,000
• Cash Available for Purchase
$222,000
• Cash Available for Renovation
$23,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip investor in Miami, Florida. This investor is a returning ABL borrower, as well as an experienced real estate investor and builder. The scope of work for this renovation includes updating the kitchen and bathrooms, repairing some of the electrical system, replacing windows, as well as a new driveway.

The Results

• After Repair Value
$380,000
• Sale Price
• Return on Investment
• Project Payoff
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