Situation:

This repeat borrower and experienced real estate investor came to Asset Based Lending for her latest fix and flip project in North Plainfield, New Jersey. ABL funded a hard money fix and flip loan for the purchase and renovation of a 1,500 sqft single family home. The scope of work for renovations was extensive, including gutting the kitchen and bathrooms, updating all electrical fixtures, installing a new roof and gutters, replacing the flooring, and even finishing the basement. These investors are experienced, and are acting as their own general contractor for this project.

Outcome: