Situation:

Asset Based Lending recently funded a hard money loan for a repeat borrower investing in a fix and flip project in Plymouth Meeting, PA. The project is a full gut renovation; adding an addition 450 square feet. The new floor plan will convert one of the downstairs bedrooms to a dining room in addition to adding a new bathroom and upstairs bedroom. The investor will also completely gut the kitchen and bathrooms, replace all the windows, and apply new paint throughout.