Situation:

Asset Based Lending recently funded a hard money fix and flip loan in Nazareth Pennsylvania. The borrower is a repeat borrower and full-time real estate investor. The property was purchased for $159,900 with a renovation budget of $41,000 and total loan funded at nearly 84% LTC. The property is a 2-bedroom, 2-bathroom single-family measured at 1,056 square feet. Renovation will be mostly cosmetic with exterior updates including a fresh coat of paint, roof shingle changes, and landscaping work. Interior updates will include new appliances, new windows, new countertops, and new cabinets. Project is expected to take one month with final sale occurring within one month of completion.