The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$186,375
• Renovation Budget
$50,000
• Loan Amount
$199,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently closed a $199,000 hard money loan for a fix and flip property in Union, NJ. Along with replacing windows and the heating and electrical systems, this property needs major interior renovation work as well. The kitchen and bathrooms will be gutted and refinished. New paint and flooring is needed throughout the home. Our experienced investors are working hard to get this home move-in-ready in a timely fashion! We are excited to see how it turns out!

The Results

• After Repair Value
$306,000
• Sale Price
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