Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in New Haven, Connecticut. The investor found ABL online, and came to us to finance the purchase and rehab of this multifamily property purchased at auction. The $36,000 scope of work for this 3,000 square foot 2-family property includes gutting the kitchens and bathrooms, refinishing the hardwood floors, replacing rotted duct work in the basement, converting a living room to a bedroom, and other cosmetic upgrades throughout.