The Client

Repeat Borrower
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Fix & Flip - Single Family
• Purchase Price
$130,000
• Renovation Budget
$38,000
• Loan Amount
$142,000
• Cash Available for Purchase
$104,000
• Cash Available for Renovation
$38,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip project in Middletown, New York. The project is a 1,352 square foot split level home with the kitchen and living room on the main floor and 3 bedrooms with a full bath upstairs. The downstairs level has the half bath, laundry room, and an additional spare room. The $38,000 scope of work for this project includes standard upgrades and renovations throughout.

The Results

• After Repair Value
$235,000
• Sale Price
• Return on Investment
• Project Payoff
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