The Client

• Loan Purpose
Property Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$20,000
• Renovation Budget
$98,000
• Loan Amount
$98,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This experienced real estate investor purchased a single family home in Philadelphia with the intention of conducting a gut renovation of the property and selling it within a couple of months. Asset Based Lending funded the $98,000 needed to the rehab costs needed to complete the fix and flip investment. The rehab scope of work includes roofing upgrades, electrical system repairs, and new interior drywall.

The Results

• After Repair Value
$195,000
• Sale Price
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