Situation:

Asset Based Lending recently financed a hard money loan for a fix and flip project in Huntington Station, NY. The project is a purchase and renovation of a 1,954 square foot 4 bedroom / 2 bathroom single family cape in Suffolk County, New York. The $54,000 scope of work for renovations includes completely gutting the kitchen and bathrooms, converting the house from oil to gas, replacing the flooring throughout, and updating all bedrooms.