The Client

Repeat Borrower And Experienced Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$137,000
• Renovation Budget
$64,000
• Loan Amount
$180,000
• Cash Available for Purchase
$116,000
• Cash Available for Renovation
$64,000

The ABL Partnership

This repeat borrower came to Asset Based Lending for a hard money fix and flip loan in order to purchase and rehab a single family REO in Plainfield NJ that his realtor located for him. The property requires almost a full gut renovation. The scope of work includes repairing the roof, replacing most windows, converting a half bath to a full, gutting another bathroom, totally renovating the kitchen and even opening up the floor plan! We can’t wait to see how this fix and flip turns out.

The Results

• After Repair Value
$279,000
• Sale Price
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