Situation:

Asset Based Lending financed a hard money loan for a fix and flip project in Abington, PA.The subject property is a 1,847 square foot single family home built in 1915 consisting of 6 bedrooms and 1.5 bathrooms. The property was found as an off-market deal, and needs roughly $90,000 in renovations. The scope of work for rehab is fairly extensive and includes adding a new bathroom, gutting the kitchen and existing bathrooms, as well as other cosmetic upgrades throughout.

Outcome: