Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower and highly experienced real estate investor in Niles, Ohio. The property was purchased for $50,000 with a renovation budget of $60,000. The scope of work for this Cash Out Property Rehabilitation is a new roof, vinyl windows, front porch, and new paint. The interior will also receive new paint as well as new floors, kitchen updates with white shaker, quartz counters, and stainless-steel appliances. All new bathrooms with updated tiles, sinks, tubs, lighting, and vanities. The borrower plans to complete this work in three months and sell by the end of the loan term.
