Asset Based Lending recently funded a hard money fix and flip loan in Lewiston Maine. The borrower is a repeat borrower and full-time real estate investor. This blanket loan covers the purchase and renovation of eight different properties, featuring a mix of single-family and multifamily that are all located in Lewiston ME. The borrower plans on selling this portfolio after renovation is complete, but may hold as income-producing assets with ABL’s rental refinance program if the economics support it. Renovation will be mostly cosmetic across all eight properties, focusing on updates such as new HVAC systems, window replacements, floor repairs and refinishes, fresh coats of paint, etc. All of the work is expected to take approximately eight months, and the borrower will determine their final exit strategy before then.