The Client

Experienced Investor & General Contractor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Gut Renovation - Three Family
• Purchase Price
$72,000
• Renovation Budget
$182,000
• Loan Amount
$135,000
• Cash Available for Purchase
• Cash Available for Renovation
$135,000

The ABL Partnership

After purchasing this property in Philadelphia outright with his own cash, this investor came to Asset Based Lending for a hard money rehab only loan. The investor, who also owns a construction company, is $50,000 into the renovation and the property still needs an additional $135,000. The scope of work for this three-family property is extensive – a full gut renovation and square footage addition.

The Results

• After Repair Value
$425,000
• Sale Price
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