The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$275,000
• Renovation Budget
$20,000
• Loan Amount
$253,000
• Cash Available for Purchase
$233,000
• Cash Available for Renovation
$20,000

The ABL Partnership

ABL recently funded a fix and flip loan for a repeat borrower and experienced real estate investor in Freeport, New York. The investor, on his 6th hard money loan with ABL, is buying a 1,200 sqft 3 bed / 1.5 bath single family out of foreclosure. The plan is to quickly complete a cosmetic rehab and flip the property to the end buyer.

The Results

• After Repair Value
$410,000
• Sale Price
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