Situation:

ABL recently funded a hard money fix and flip loan for a repeat borrower and experienced contractor in Norwalk CT. For this experienced investor, ABL was able to finance the fix and flip at 87% of purchase and 100% of rehab. The $100,000 scope of work for renovations is substantial, but mostly cosmetic and includes modernizing the floor plan, adding a half bathroom, and other cosmetic improvements internally and externally.