The Client

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

The Investment

• Purchase Price
$97,000
• Renovation Budget
$90,000
• Loan Amount
$145,000
• Cash Available for Purchase
$65,000
• Cash Available for Renovation
$80,000

The ABL Partnership

Asset Based Lending recently funded a fix and flip loan for a repeat borrower and experienced investor in Newark, NJ. This is the first phase of the investment, with the ultimate goal being to tear down the property and build 8 new units.

The Results

• After Repair Value
$252,000
• Sale Price
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