The Client

Experienced Flipper And Builder
• Loan Purpose
New Construction
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$68,000 (Land)
• Renovation Budget
$165,000 (Construction)
• Loan Amount
$200,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This experienced fix and flip investor, and her professional builder partner, came to Asset Based Lending for a hard money loan to fund a new construction project in Roxbury, New Jersey. Their last flip was completed in just four months, and the investors plan to complete this project within a similar time frame of 4-6 months.

The Results

• After Repair Value
$495,000
• Sale Price
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