Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip investor in Abington, PA. This experienced real estate investor owns several properties, and is a professional property manager in his full-time career. This 1,360 square-foot 3 bed 1 bath property is in need of extensive renovations. The bathroom and kitchen will be completely gutted, and the roof will need to be updated. In addition, the property will get all fresh paint and finishes and some water damage will be repaired.