Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in Massapequa, New York. This 4 bed / 2 bathroom 2,500 sqft single family  in Nassau County was found through a realtor and in need of approximately $60,000 worth of renovations. The scope of work for renovations includes removing a wall to modernize the floor plan, updating the kitchen and bathrooms, redoing the floors, and a new coat of paint. ABL was able to finance this Long Island fix and flip loan at over 87% of purchase and 100% of renovation.