The Client

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

The Investment

Fix & Flip - Single Family
• Purchase Price
$119,700
• Renovation Budget
$30,000
• Loan Amount
$125,000
• Cash Available for Purchase
$95,000
• Cash Available for Renovation
$30,000

The ABL Partnership

Asset Based Lending is glad to have this repeat borrower back for another fix and flip project in West Haven, Connecticut. ABL funded a hard money loan for the purchase of 982 sqft single family property in need of $30,000 worth of renovations. The scope of work for this rehab project includes finishing the basement, adding a bedroom and bathroom, gutting the kitchen and bathrooms, as well as cosmetic exterior work.

The Results

• After Repair Value
$210,000
• Sale Price
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