The Client

Experienced investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$255,279
• Renovation Budget
$46,000
• Loan Amount
$243,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently originated a hard money loan to an experienced repeat borrower for the purchase and rehab of a single family home in Baldwin New York. The borrower owns a construction company and uses a trusted crew for all required renovations. The scope of work for this rehab includes replacing the roof, removing an oil tank from the basement, and a complete overhaul of the kitchen and bathrooms.

The Results

• After Repair Value
$375,000
• Sale Price
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