The Client

Experienced Investor
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$200,000
• Renovation Budget
$90,000
• Loan Amount
$240,000
• Cash Available for Purchase
$150,000
• Cash Available for Renovation
$90,000

The ABL Partnership

With a $90,000 rehab budget, this Philly fix and flip investor has his work cut out for him. He’s keeping costs low by maintaining some of the more expensive parts of the property, like the water heater, the newer PVC piping, and some doors and windows. When he’s finished, the house will have a new powder room, oak cabinets, and granite countertops. He will also remove the wall between the living room and kitchen to create an open floor plan and install new, bigger staircases. That’s one major makeover!

The Results

• After Repair Value
$370,000
• Sale Price
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