The Client

First Time Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$200,000
• Renovation Budget
$55,000
• Loan Amount
$204,000
• Cash Available for Purchase
$149,000
• Cash Available for Renovation
$55,000

The ABL Partnership

For their first fix and flip, this husband and wife investor team came to Asset Based Lending for a hard money loan for the purchase and rehab of a single family home in Fairless Hills, PA. The $55,000 rehab is expected to take 60 days, and includes expanding the master bed and bath, adding a new bathroom, gutting the kitchen, and renovating the flooring and siding throughout.

The Results

• After Repair Value
$315,000
• Sale Price
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