Situation:

Asset Based Lending recently funded a hard money fix and flip loan in Nashua, New Hampshire. The borrower is a repeat borrower and full-time real estate investor that performs multiple flips per year. The property was purchased for $210,000 with a renovation budget of $110,848 and total loan funded at 90% LTC. This property is a single-family 4-bedroom, 1-bathroom measured at 1,867 square feet. Project will primarily be a cosmetic overhaul, with the exterior receiving new siding, new roof, new windows, and new attached deck. Interior will receive a new bathroom and kitchen as well as refinished floors and new doors. Renovation is expected to take two months with final sale occurring within five months.