Asset Based Lending recently funded a fix and flip loan with a repeat borrower and real estate investor in Milledgeville, Georgia. The property was purchased for $85,000 with a renovation budget of $65,000 and a loan amount of $127,000. Exterior work includes repairing the roof, power washing and painting the siding, and replacing glass on select windows, along with landscaping. Inside, upgrades include a new kitchen with granite countertops and GE stainless steel appliances, bathroom renovations, flooring refinishing, and a fresh coat of paint. Electrical fixtures will be updated, and all plumbing will be replaced. The timeline for completion is estimated at 6-9 months.
