The Client

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

The Investment

• Purchase Price
$157,000
• Renovation Budget
$90,000
• Loan Amount
$210,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This experienced investor and long time borrower came to Asset Based Lending looking for a hard money loan to finance the purchase and rehab of a single family home in Montclair NJ. He needed to close quickly, and ABL came through to make the deal happen. The scope of work for this project includes adding an entirely new bedroom, as well complete overhauls of the kitchen and existing bathrooms.

The Results

• After Repair Value
$340,000
• Sale Price
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