fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Rising Sun MD Fix & Flip

Address: Rising Sun, MD
Borrower Profile: Experienced investor and flipper.
Work Description: Substantial renovation of a single family house that had been vacant for some time after foreclosure in Northeast Maryland
Purchase Price: $125,000
Renovation Budget: $23,000
Loan Amount: $120,000
Cash Available for Purchase: $97,000
Cash Available for Renovation: $23,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $230,000
Sale Price: $230,000
Time To Pay Off: 5 months
Situation:

Broker approached us to finance a fix and flip after having a difficult time closing with another hard money lender. The loan needed to close within five business days. Working intensively with the borrower, ABL was able to settle the transaction.

Outcome:

The renovation proceeded without difficulty, on time and on budget. The property was sold and loan paid off within five months.

Maryland Hard Money Loan Fix Flip living room
Living Room Before
Maryland Hard Money Loan Fix Flip living room renovations
Living Room After
Maryland Hard Money Loan Fix Flip bathroom
Bathroom Before
Maryland Hard Money Loan Fix Flip bathroom renovations
Bathroom After
Prequalify For A Hard Money Loan Today
Get Started
Menu