Situation:

Asset Based Lending recently funded a two-property blanket hard money loan for a fix and flip project in Baltimore City, Maryland. The borrower is an exceptionally experienced real estate investor in the Baltimore area, who is buying two properties next door to each other that he plans on renovating and refinancing to keep for rental income. The $36,000 scope of work for renovations includes new kitchens and bathrooms as well as cosmetic upgrades throughout both units.