The Client

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

The Investment

Gut Renovation - Single Family
• Purchase Price
$75,000
• Renovation Budget
$86,000
• Loan Amount
$128,000
• Cash Available for Purchase
$42,000
• Cash Available for Renovation
$86,000

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a real estate investment project in Philadelphia, PA. The $86,000 scope of work for renovations includes a full gut to the studs due to the prior fire damage. In addition to the complete interior rehab, the investor will be adding an additional half bathroom and replacing the roof as well as all HVAC, plumbing, and electrical systems.

The Results

• After Repair Value
$225,000
• Sale Price
• Return on Investment
• Project Payoff
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