Asset Based Lending recently funded a fix and flip loan for a first-time borrower in Wilmington North Carolina. This real estate investor contacted ABL for a single-family fix and flip loan to cover extensive interior renovations including updating the kitchen and bathrooms, replacing the HVAC system, and installing new flooring throughout the home. The kitchen plans detail wood cabinets, stainless steel appliances, and quartz countertops, and the bathrooms include new quartz counters, as well. For the exterior of the property the borrower plans to replace the windows throughout the entire home. The renovations are expected to be completed in approximately 3 months at which time this borrower will list this home for final sale.
