Asset Based Lending recently funded a hard money fix and flip loan in Rochester New Hampshire. The borrower is a repeat borrower and full-time real estate investor. The property is a three-unit multifamily with two units being 2-bedroom, 1-bathroom and one unit being 1-bedroom, 1-bathroom measured at a total of 3,000 square feet. Renovation will be mostly cosmetic with updates to the plumbing and electrical as well as new doors, new windows, new boiler, and new hot water heater. Each kitchen will receive new cabinets, countertops, and appliances while bathrooms receive new toilets, sinks, tubs, and vanities. Project is expected to take three months with final sale occurring shortly after completion.
