The Client

First Time Real Estate Investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$133,000
• Renovation Budget
$85,000
• Loan Amount
$191,000
• Cash Available for Purchase
106,000
• Cash Available for Renovation
$85,000

The ABL Partnership

Asset Based Lending recently funded a fix and flip loan for a first time real estate investor in the Rocky Point area of Long Island, New York. As a professional contractor, the scope of work for this renovation includes overhauling the kitchen and bathrooms as well as moving the staircase and raising the roof. The rehab is estimated to take roughly 60 days once the permits are received.

The Results

• After Repair Value
$350,000
• Sale Price
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