Situation:

Asset Based Lending recently funded a hard money loan for a repeat borrower starting a fix and flip project in Derby, Connecticut. The property is currently in foreclosure, found by the investor online using Hubzoo. The scope of work for the 2,300 square foot 3 bed 3 bath single family is mostly cosmetic. The investor will update the kitchen and bathrooms, replace carpeting, and refinish the hardwood floors throughout.