Situation:

Asset Based Lending recently financed a rush closing for a hard money fix and flip loan in Baltimore, MD. The borrower is a repeat borrower with ABL and is purchasing a 2,976 square foot single family home with 6 bedrooms and 4 bathrooms. The property is currently structured like a 3-family house, but will be converted back to a single family with the $90,000 scope of work. Additionally, they will convert the 3rd floor to a master suite and renovate the house with high-end finishes throughout.