Situation:

Asset Based Lending recently financed a hard money fix and flip loan for a project in Long Island, New York. The investor, an experienced general contractor, found the 1,100 square foot single family home through the help of a local realtor and immediately put it under contract. The renovation of this 3 bed/2 bath home is expected to take 6-8 weeks and cost $65,000. The scope of work includes new roof, siding and front entrance, as well as a nearly full interior gut with mid-grade finishes.