The Client

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

The Investment

• Purchase Price
$180,000
• Renovation Budget
$112,000
• Loan Amount
$248,000
• Cash Available for Purchase
$136,000
• Cash Available for Renovation
$112,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a repeat borrower investing in a fix and flip project in Plymouth Meeting, PA. The project is a full gut renovation; adding an addition 450 square feet. The new floor plan will convert one of the downstairs bedrooms to a dining room in addition to adding a new bathroom and upstairs bedroom. The investor will also completely gut the kitchen and bathrooms, replace all the windows, and apply new paint throughout.

The Results

• After Repair Value
$415,000
• Sale Price
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