Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip in Princeton, New Jersey. The borrower is an experienced real estate investor who met members of ABL’s team at a local real estate investor networking event. The subject property is a 3,354 square foot single family home with 4 beds and 2.5 baths in need of approximately $45,000 in renovations. The rehab scope of work includes gutting the kitchen and opening up the floor plan, updating the bathrooms, and repairing the pool.