The Client

First Time Borrower — General Contractor
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only

The Investment

Fix & Flip — Single Family
• Purchase Price
$115,000
• Renovation Budget
$25,300
• Loan Amount
$113,000
• Cash Available for Purchase
$87,700
• Cash Available for Renovation
$25,300

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan in Milwaukee, Wisconsin. The borrower is a general contractor and a first time borrower with ABL. The property is 967 square feet with 3 bedrooms and 1 bathroom. Property was purchased for $115,000 with a renovation budget of $25,300. Renovation with the exterior will receive new floor tiles in the bathrooms, kitchen cabinets and appliances, and drywall in one bedroom. Exterior renovation will include landscaping. Timeline for the project is expected to take one to two months.

The Results

• After Repair Value
$186,000
• Sale Price
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