The Client

Experienced Investors
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Fix & Flip - Single Family
• Purchase Price
$219,000
• Renovation Budget
$66,000
• Loan Amount
$241,000
• Cash Available for Purchase
$175,000
• Cash Available for Renovation
$66,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip project in Roosevelt, New York. This 3 bedroom 1.5 bathroom single family on Long Island needs about $66,000 worth of rehab to bring it up to market standards. The scope of work for renovation includes gutting the kitchen and bathrooms, finishing the basement, and other cosmetic upgrades throughout.

The Results

• After Repair Value
$420,000
• Sale Price
• Return on Investment
• Project Payoff
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