The Client

• Loan Purpose
Fix And Flip Loan
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Fix & Flip - Single Family
• Purchase Price
$110,000
• Renovation Budget
$40,000
• Loan Amount
$120,000
• Cash Available for Purchase
$80,000
• Cash Available for Renovation
$40,000

The ABL Partnership

This investor in Lake Peekskill NY came to Asset Based Lending in need of a hard money loan to finance this fix and flip project. The project is a purchase and rehab of an semi-detached single family property in Putnam County. The scope of work for renovations includes replacing the roof, updating the deck, upgrades to the kitchens and bathrooms, and new flooring throughout.

The Results

• After Repair Value
$250,000
• Sale Price
• Return on Investment
• Project Payoff
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