Asset Based Lending recently funded a hard money fix and flip loan in Williamsburg Ohio. The borrower is a first-time borrower and full-time real estate investor. The property is a single family 3-bedroom, 1-bathroom measured at 1,421 square feet. Borrower will hold the property as an income-producing asset with ABL’s rental refinance program. Renovation will be cosmetic including a new 40-year roof with roof vents, new light fixtures, and refinishing hardwood floors. Kitchen will receive stock-made cabinets, new sink, granite counters, and stainless steel appliances. Bathroom will receive new vanity, new shower doors, and vent fan. Project is expected to take four months with loan refinance occurring shortly completion.
