Asset Based Lending recently funded a hard money fix and flip loan in Rehoboth Massachusetts. The borrower is a first-time borrower and full-time real estate investor. The property was purchased for $425,000 with a renovation budget of $200,000 and total loan funded at 90% LTC. The property is a single-family 4-bedroom, 2-bathroom measured at 2,564 square feet. Renovation will focus on the kitchen and bathrooms, with additional cosmetic upgrades made throughout the property. Kitchen will receive new cabinets, granite countertops, and stainless steel appliances. Bathrooms will receive new tubs, toilets, and sinks. Property will feature new windows, new doors, finished hardwood floors, and updates to the roof. Project is expected to take three months with final sale occurring shortly after completion.
