Situation:

The borrower on this fix and flip project in an experienced real estate investor who usually finances his deals with his own equity, but has decided to get a hard money loan from ABL to increase available leverage. The scope of work for the rehab of this multi-family home includes new HVAC system, all new flooring throughout, updated drywall/insulation, and new appliances. The investor is also restoring the front porch and 2nd floor deck.