The Client

• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$172,724
• Renovation Budget
$39,500
• Loan Amount
$169,000
• Cash Available for Purchase
$129,500
• Cash Available for Renovation
$39,500

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip investment in Paterson, New Jersey. This repeat borrower found the partially occupied multifamily property through an online auction. The scope of work for renovations includes a gut rehab of the bathrooms and kitchens, updating the siding and windows, and replacing the doors throughout.

The Results

• After Repair Value
$285,000
• Sale Price
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