201-942-9089 info@abl1.net

Palm Bay FL Fix & Flip Hard Money Loan

Address: Palm Bay, FL
Borrower Profile: New Investor
Work Description: Partial Gut - Single Family
Purchase Price: $107,625
Renovation Budget: $26,700
Loan Amount: $110,000
Cash Available for Purchase: $197,000
Cash Available for Renovation: $26,700
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $170,000
Sale Price: $225,000
Exterior – Before
Exterior – After


Asset Based Lending funded a hard money fix and flip loan for a project in Palm Bay, Florida. The borrowers were brothers that had completed only one fix and flip in the last three years. One of the brothers was a contractor that oversaw the renovation. The property was a single-family 3-bedroom, 2-bathroom measured at 1,176 square feet. Kitchen was completely gutted while bathroom and other areas of the house received cosmetic updates including new light fixtures & outlets, installing laminate flooring, and replacing the roof. Renovation was projected to take approximately two months.


Renovation was completed on schedule and the home sold for a net profit of $48,567. The borrowers enjoyed the ABL loan process and are currently looking for their next property to fix and flip with ABL as their hard money lending partner.

Bathroom 1 – Before
Kitchen – Before
Porch – Before
Bathroom 1 – After
Kitchen – After
Porch – After