­Asset Based Lending recently funded a cash out and fix and flip project for a first-time borrower and experienced real estate investor. The borrower has extensive experience in real estate investing having completed 6 flips in the last 3 years. They owned the property free and clear when they contacted ABL for the cash out and renovation loan. They are planning to perform cosmetic renovations on this single-family home. This borrower plans to make exterior updates including new windows, repairing the siding and stairwells, painting, and landscaping. They will update the mechanics of the home like the HVAC condenser, septic pump, and well filter to ensure these systems are functioning properly. Luxury vinyl tiles will be installed throughout the home except in the bathrooms and kitchen where the borrower will install new tiles. The kitchen will be updated with new shaker cabinets, granite countertops, and stainless-steel appliances, and the interior will be repainted throughout the home. Once renovations are completed, this borrower will refinance and continue to hold the property in their rental portfolio.