The Client

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

The Investment

Gut Renovation - Single Family
• Purchase Price
$84,900
• Renovation Budget
$45,000
• Loan Amount
$109,000
• Cash Available for Purchase
$64,000
• Cash Available for Renovation
$45,000

The ABL Partnership

This retired military veteran came to Asset Based Lending for a hard money loan on his 2nd deal with us – a fix and flip in Browns Mills, New Jersey. The property is a 1600 square foot split level with 3 bedrooms, 1 bathroom, an eat-in kitchen, and a large family room that opens to a deep back yard. The scope of work for rehab is a full gut to the studs, including replacing the roof and adding an additional half bathroom.

The Results

• After Repair Value
$190,000
• Sale Price
Back To All Case Studies