The Client

Experienced Investors
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

Gut Renovation Of Single Family House
• Purchase Price
$68,000
• Renovation Budget
$104,000
• Loan Amount
$146,000
• Cash Available for Purchase
$42,000
• Cash Available for Renovation
$104,000

The ABL Partnership

These investors found ABL after meeting our Connecticut Loan Officer at a real estate investor meetup event in Southern Connecticut. The borrowers came to Asset Based Lending for a hard money fix and flip loan in order to buy this Milford, Connecticut property out of foreclosure. Though purchased fairly cheap, this fix and flip calls for an extensive gut renovation and a $104,000 rehab budget.

The Results

• After Repair Value
$250,000
• Sale Price
$289,000
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