Asset Based Lending recently funded a hard money fix and flip loan in Atlanta Georgia. The borrower is a repeat borrower and experienced real estate investor. The property was purchased for $145,000 with a renovation budget of $60,000 with total loan funded at 89% LTC. The property is a single-family 3-bedroom, 1-bathroom measured at 1,065 square feet. The borrower plans on holding the property as an income-producing asset with ABL’s rental refinance program. Renovation will be mostly cosmetic and functional, including replacing existing windows, updating the HVAC, and rental grade finishes throughout. Kitchen will receive new cabinets, granite counters, and stainless steel appliances. Bathrooms will receive updated tiling and new vanities. Project is expected to take approximately three months with loan refinance occurring shortly after completion.