The Client

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

The Investment

• Purchase Price
$311,000
• Renovation Budget
$64,000
• Loan Amount
$312,000
• Cash Available for Purchase
$248,000
• Cash Available for Renovation
$64,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip investment property in Hempstead NY. This 4-unit building in Nassau County Long Island is just minutes from Hofstra and Nassau Community College and in need of over $60,000 worth of renovations. The scope of work for this project includes installing separate boilers for each apartment, a new driveway, and gutting all kitchens and bathrooms throughout.

The Results

• After Repair Value
$520,000
• Sale Price
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