­­Asset Based Lending recently funded a fix and flip loan to a repeat borrower and experienced real estate investor in Jersey City New Jersey. This investor is a full-time real estate developer and has completed 10 deals with ABL in the last 3 years. The scope of work for this project includes updating the façade of the building with brick veneer, vinyl siding, and a new roof. For the interior, the borrower will update the flooring by installing hardwood throughout. In the kitchens, the borrower will install stainless steel appliances, new tile backsplash, and quartz countertops including a waterfall island. For this project, the borrower is expecting the renovations to take 12 months, at which time they will list the property for final sale.