The Client

Repeat Borrower
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

• Purchase Price
$165,000
• Renovation Budget
$45,450
• Loan Amount
$168,000
• Cash Available for Purchase
$122,550
• Cash Available for Renovation
$45,450

The ABL Partnership

This repeat borrower and experienced real estate investor came to Asset Based Lending for her latest fix and flip project in North Plainfield, New Jersey. ABL funded a hard money fix and flip loan for the purchase and renovation of a 1,500 sqft single family home. The scope of work for renovations was extensive, including gutting the kitchen and bathrooms, updating all electrical fixtures, installing a new roof and gutters, replacing the flooring, and even finishing the basement. These investors are experienced, and are acting as their own general contractor for this project.

The Results

• After Repair Value
$300,000
• Sale Price
$284,900
• Return on Investment
• Project Payoff
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