Situation:

Asset Based Lending recently funded a multi-property fix and flip loan in Baltimore, Maryland for an investor embarking on his first solo fix and flip. The deal includes three properties on the same block in Baltimore. The first is an 1,180 square foot 3 bed 1 bath single family home that was purchased at auction and requires roughly $25,000 in rehab. The other two properties are 1,340 square feet each, all requiring similar cosmetic renovations.