The Client

Licensed Realtor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Gut Renovation And Expansion Of Single Family Property
• Purchase Price
$525,000
• Renovation Budget
$250,000
• Loan Amount
$658,000
• Cash Available for Purchase
$408,000
• Cash Available for Renovation
$250,000

The ABL Partnership

Asset Based Lending funded a hard money fix and flip loan for the purchase and renovations of this single family property in Westfield, NJ. As a realtor, this borrower found this property and knew it had potential. The scope of work includes an 800 square foot addition to the property that will enlarge the master bedroom as well as add two new bathrooms. The finished home will be 4 bedrooms and 3.5 bathrooms.

The Results

• After Repair Value
$1,046,000
• Sale Price
• Return on Investment
• Project Payoff
13 Months
Back To All Case Studies