Situation:

Asset Based Lending recently funded a hard money loan in Manchester Connecticut for a real estate investor embarking on his first fix and flip project. The property was found with the help of a realtor, and is located in the area where the investor has lived for the last 18 years. The scope of work for the $36,000 rehab includes re-finishing the hardwood floors, upgrading the kitchen and bathroom, fixing the roof, and other cosmetic upgrades throughout.