The Client

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

The Investment

• Purchase Price
$525,000
• Renovation Budget
$90,000
• Loan Amount
$516,000
• Cash Available for Purchase
$426,000
• Cash Available for Renovation
$90,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip investor in Jericho, NY. This 3 bed 2.5 bathroom condo will undergo significant renovations in order to become market-ready. All bathrooms and the kitchen will be completely gutted, some demolition will open the floor plan, new flooring will be installed throughout, and the driveway will be updated. When all is said and done, this Nassau County condo should sell for a significant profit.

The Results

• After Repair Value
$850,000
• Sale Price
• Return on Investment
• Project Payoff
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