The Client

• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$180,000
• Renovation Budget
$40,000
• Loan Amount
$165,000
• Cash Available for Purchase
$130,000
• Cash Available for Renovation
$35,000

The ABL Partnership

Asset Based Lending recently funded a fix and flip hard money loan for an investor in Wallingford, Connecticut. The borrower found this property on the MLS, and immediately saw the potential. The scope of work for this fix and flip project includes converting the art studio to a large master suite, adding a laundry room, gutting the kitchen, updating the hardwood floors throughout, and refinishing some of the siding and trim.

The Results

• After Repair Value
$275,000
• Sale Price
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