Situation:

Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower and retired Navy veteran in Laurel, Maryland. The subject property is an 1,100 sqft 3 bed / 1 bath single family home in need of approximately $30,000 in rehab. The scope of work for renovations includes replacing the furnace, adding central air conditioning, finishing the basement, new hardwood flooring throughout, and gutting the kitchen and bathroom.