­Asset Based Lending recently funded a fix and flip loan for a new borrower in Atlanta Georgia. This borrower is investing in an area of Atlanta that is popular with young families and working professionals, and that has a strong demand for single family homes. The borrower plans to double the square footage of this home by adding a second story which will encompass three of the four bedrooms and two of the three bathrooms, while the first floor will have the main bedroom and one bathroom. The house requires a full gut to update the electrical and plumbing, and the kitchen will be outfitted with shaker cabinets, stainless steel appliances, as well as a waterfall quartz countertop. Renovations are expected to last up to six months at which time this borrower intends to list this property for final sale.