Situation:

This father and son real estate investing team found Asset Based Lending on Instagram. ABL financed a $154,000 hard money fix and flip loan for the purchase and rehab of a single family home in Somerset, NJ. The scope of work for renovations is extensive, and includes repairing termite damage and replacing the floors throughout the property. In addition, the kitchens and bathrooms will be completely gutted, the floor plan will be opened, and other cosmetic upgrades will be completed throughout.