The Client

Experienced Investors
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$355,000
• Renovation Budget
$50,000
• Loan Amount
334,000
• Cash Available for Purchase
$284,000
• Cash Available for Renovation
$50,000

The ABL Partnership

These experienced fix and flip investors are on their third deal with Asset Based Lending, this time coming to ABL for a hard money fix and flip loan in order to purchase and rehab a property in Summit New Jersey. The scope of work for this 1500 square foot single family home includes a new roof, as well as gutting the kitchen and bathrooms, adding a new bathroom, and replacing the hardwood floors throughout. With the investors’ backgrounds as a real estate agent and contractor, we can’t wait to see the finished project!

The Results

• After Repair Value
$545,000
• Sale Price
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