Situation:

Asset Based Lending recently funded a hard money loan for repeat borrower and experienced real estate investor in Cape Coral, Florida. The subject property is a 3 bed / 2 bath 1,210 square foot single family home in need of $12,000 worth of minor renovations. The rehab is mostly cosmetic, and includes repairing the roof as well as new paint and flooring throughout. Despite the issues facing the capital markets due to COVID-19, ABL was able to finance this hard money fix and flip in project in FL at 82% of cost.