Situation:

After two clean and successful fix and flips with ABL, this two-person investing team is ready for a massive fix and flip with $300k in rehab and an ARV of $930k. They will completely rebuild the house and add a second floor, increasing the square footage from 1,334 to 2,600. The finished product will be a colonial 4 bed, 2 bath with high quality finishes, a finished basement, an open floor plan, and high efficiency utilities and electric. Their builder has 20 years of experience and is an ABL borrower himself; we are confident he will help them pull off another successful fix and flip project within their projected 4-month timeline.