The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$125,000
• Renovation Budget
$50,000
• Loan Amount
$140,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently closed a $140,000 loan for a 3 family fix and flip deal in Newark NJ. The scope of work for rehab includes adding an additional bedroom, updating the electrical systems, installing new light fixtures, and upgrading the bathrooms and kitchens.

The Results

• After Repair Value
$324,000
• Sale Price
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