Situation:

Asset Based Lending recently funded a hard money fix and flip loan for an experienced investor embarking on a gut renovation and expansion of a single family property in Long Island. The borrower on this deal is a long-time professional contractor who will be removing the roof to add an entire 2nd floor, building an extension on the back of the house, and renovating the interior with high end kitchen, bath, and other finishes. We’re confident this $250,000 rehab budget will be put to good use!