The Client

Experienced Investor
• Loan Purpose
Cash Out & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Duplex
• Purchase Price
$58,000
• Renovation Budget
$62,000
• Loan Amount
$96,000
• Cash Available for Purchase
$34,000 (Cash Out)
• Cash Available for Renovation
$62,000

The ABL Partnership

Asset Based Lending recently funded a cash out and rehab hard money loan for an experienced investor in Philadelphia. The borrower purchased the 3,000 sqft duplex in cash and has already invested several thousand dollars into the rehab. The hard money loan is to reimburse the borrower for some of the cash invested as well as provide the necessary funds for the remainder of the rehab.

The Results

• After Repair Value
$165,000
• Sale Price
Back To All Case Studies