Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower purchasing a property in Waldorf, Maryland. The subject property is a 2,159 square foot single family home on a quarter-acre with 4 bedrooms and 3 bathrooms. The $66,000 scope of work for renovations includes gutter and roof repairs, minor landscaping, refinishing the rear deck, re-lining the pool, upgrading the kitchen and bathrooms, as well as new lighting and a fresh coat of paint throughout. The renovation is expected to take approximately 4 months to complete, with another 2 months to sell.