The Client

Experienced Investors
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Gut Renovation - Single Family
• Purchase Price
$525,000
• Renovation Budget
$78,000
• Loan Amount
$487,000
• Cash Available for Purchase
$409,000
• Cash Available for Renovation
$78,000

The ABL Partnership

Asset Based Lending recently financed a hard money loan for a fix and flip project in New Hyde Park, NY. These experienced Long Island real estate investors purchased this single family in Nassau County with the help of a local realtor. The subject property is 3,100 sqft with 4 bedrooms and 2 bathrooms, in need of a fairly substantial $78,000 renovation.

The Results

• After Repair Value
$750,000
• Sale Price
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