Situation:

Asset Based Lending recently financed a hard money fix and flip loan in Tampa, Florida. The investor is a repeat ABL borrower, and exceptionally experienced real estate investor in the Tampa area. The subject property is a 1,424 square foot single family home with 3 bedrooms and 1 bathroom. The $125,000 scope of work for renovations is extensive, and includes updating the floor plan, adding 500 square feet to the home, adding a new bedroom and bathroom, and other upgrades throughout the interior and exterior.