Asset Based Lending recently funded a hard money fix and flip loan in Newport Rhode Island. The borrower is a repeat borrower and full time real estate investor. The property is a 4-bedroom, 2-bathroom single family measured at 1,938 square feet. This full gut renovation will transform the property into a luxury home with new roof, new siding, and new windows. Exterior upgrades will include landscaping, fresh paint, and updated framing. Interior will see existing hardwood floors refinished, gas fireplace installed, and fresh paint throughout. The third floor will be converted into a loft. Kitchen will be highlighted by quartz countertops and high-end stainless steel appliances. Bathrooms will feature quartz countertops with full unique tiling in each. Renovation is expected to take five months with final sale occurring shortly after completion.