Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip project in Lansdowne, Pennsylvania. The investor is on his second project, this one found through the help of a local realtor. The 2,200 square foot 2-family house is in need of approximately $85,000 worth of work. The scope of work for renovations includes gutting the kitchens and bathrooms, repairing the roof, replacing the hardwood floors throughout, updating light fixtures, replacing both electric panels, and other cosmetic improvements.