Asset Based Lending recently funded a hard money fix and flip loan in Cape Neddick Maine. The borrower is a repeat borrower and full-time real estate investor. The property was purchased for $120,000 with a renovation budget of $169,470 with total loan funded at 95% LTC. The property is a single-family 4-bedroom, 2-bathroom measured at 1,830 square feet. This gut renovation will completely revamp the interior of the home, with the kitchen receiving new cabinets, granite countertops, and stainless steel appliances. Home will also receive completely new bathrooms, new roof and windows, an updated heating system, new septic tank, and new electrical wiring. Exterior will also receive fresh coat of paint and other cosmetic upgrades. Project is expected to take between three and four months with final sale occurring shortly after completion.