Situation:

ABL recently closed a hard money loan for a fix and flip project in Boca Raton, Florida. This husband and wife team is new to ABL, but has some experience investing in real estate as well as being a general contractor. The subject property is a 2 bed / 2 bath 1,250 sqft condo. The $43,000 scope of work for renovations includes gutting the kitchen, opening up the floor plan by taking down the wall between the dining and living rooms, installing new flooring throughout, gutting both bathrooms, and other cosmetic upgrades.