The Client

• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Month Interest Only
• Loan Used

The Investment

• Purchase Price
$291,500
• Renovation Budget
$49,000
• Loan Amount
$282,000
• Cash Available for Purchase
$233,000
• Cash Available for Renovation
$49,000

The ABL Partnership

ABL recently closed a $282,000 fix and flip hard money loan on an investment property in Northport, NY. Our investors plan on giving the interior of this property a makeover by gutting the kitchen and bathrooms and updating with top of the line finishes and appliances. Laminate wood flooring will be added to the main floor of the home, with new carpet added to each bedroom. Eleven new interior doors will be installed, with crown molding added to the main floor of the home. Our investors plan to boost this property’s curb appeal by installing a new window shutters, a mailbox and a wooden picket fence. Landscaping will be added to the list of finishing touches. We can’t wait to see the finished product!

 

The Results

• After Repair Value
$455,000
• Sale Price
• Return on Investment
• Project Payoff
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