The Client

Experienced Investor & General Contractor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$290,000
• Renovation Budget
$28,000
• Loan Amount
$286,000
• Cash Available for Purchase
$258,000
• Cash Available for Renovation
$28,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for an experienced fix and flip investor in Bethpage, NY. The investor – who is also a licensed contractor – found this single family property at auction, and came to ABL for a quick close loan to secure the deal. The existing property is an 1,100 sqft 3 bed/2 bath in need of gut renovations to the bathrooms and kitchen. The investor also plans on extending the footprint to add an additional bedroom.

The Results

• After Repair Value
$425,000
• Sale Price
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