The Client

• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$232,500
• Renovation Budget
$85,000
• Loan Amount
$269,000
• Cash Available for Purchase
$184,000
• Cash Available for Renovation
$85,000

The ABL Partnership

Two experienced investors came to ABL looking for a hard money fix and flip loan for a property in Scotch Plains, New Jersey. This investment requires a full renovation package. The investors decided to keep the existing structure of the house while opting for a full interior renovation. The scope of work includes complete bathroom and kitchen rehabs with all new electrical wiring and plumbing. Contractors will have to install new sheetrock and cover the walls with a fresh set of paint. The exterior requires new siding and a new roof. We can’t wait to check in on the progress of this fix and flip and to help our investors along the way!

The Results

• After Repair Value
$438,000
• Sale Price
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