For his second deal with Asset Based Lending, this real estate investor sought funding for a hard money loan to finance a fix and flip project in Suffolk County, NY. A three-person team, each of the investors involved in this project has real estate experience ranging from working in construction, HVAC contracting, and even a licensed realtor. This 2,400 sqft single family split level consisting of 4 bedrooms and 2.5 bathrooms is in need of serious repair – there is even a tree growing in the roof! The investors will use a $130,000 rehab budget to completely gut the property inside and out, bring it up to market standards, and sell it for a profit.
