The Client

Repeat Borrower & Experienced Investor
• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only

The Investment

Fix & Flip - Single Family
• Purchase Price
$253,000
• Renovation Budget
$73,000
• Loan Amount
$246,000
• Cash Available for Purchase
$159,470
• Cash Available for Renovation
$73,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a fix and flip project in Stewartsville, New Jersey. The subject property is a 2300 square foot 4 bed / 2.5 bath REO located just a few minutes from their last fix and flip deal, in need of approximately $73,000 in rehab. The scope of work for renovation includes gutting the kitchen and bathrooms, redoing the deck, new flooring throughout the house, and all new light fixtures.

The Results

• After Repair Value
$405,000
• Sale Price
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