Situation:

Asset Based Lending recently financed a hard money fix and flip loan in Sandy Hook, Connecticut for an experienced investor and repeat borrower purchasing a detached single family. The subject property is a 2,900 square foot single family ranch, currently with 5 bedrooms and 3 bathrooms that will be converted to 4 bedrooms and 2.5 bathrooms. The $112,000 scope of work for renovations additionally includes gutting the kitchen and bathrooms, modernizing the floorplan, replacing the HVAC system, and other upgrades throughout.