Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower and experienced investor in Huntington, New York. The investor found the house through his connections with wholesalers, and came to ABL for a quick closing. The subject property is a 2,600 square foot 4 bed / 3 bath single family home in need of almost $100,000 in repairs. The scope of work for renovation is extensive and includes repairing the pool, installing a new HVAC system, gutting the kitchen and bathrooms, replacing the flooring, and installing high-end appliances throughout.