The Client

Experienced investor and flipper.
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only

The Investment

Substantial renovation of a single family house that had been vacant for some time after foreclosure in Northeast Maryland
• Purchase Price
$125,000
• Renovation Budget
$23,000
• Loan Amount
$120,000
• Cash Available for Purchase
$97,000
• Cash Available for Renovation
$23,000

The ABL Partnership

Broker approached us to finance a fix and flip after having a difficult time closing with another hard money lender. The loan needed to close within five business days. Working intensively with the borrower, ABL was able to settle the transaction.

The Results

The renovation proceeded without difficulty, on time and on budget. The property was sold and loan paid off within five months.

• After Repair Value
$230,000
• Sale Price
$230,000
• Project Payoff
5 months
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