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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

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.

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Bathroom 1 - Before
hard money loans in Palm Bay Florida
Bathroom 1 - After
Fix and flip loans in Florida
Kitchen - Before
Fix and flip hard money loans Florida
Kitchen - After
Porch - Before
Florida hard money lenders
Porch - After
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