The Client

First Time Borrower, Experienced Investor
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

Purchase Only - Single Family
• Purchase Price
$159,500
• Renovation Budget
$0
• Loan Amount
$111,000
• Cash Available for Purchase
$111,000
• Cash Available for Renovation
$0

The ABL Partnership

Asset Based Lending recently funded a property purchase hard money loan in Baltimore Maryland. The borrower is a first-time borrower and experienced real estate investor. The property was purchased for $159,500 with the total loan funded at nearly 70% LTC and nearly 75% LTV. The property is a 3-bedroom, 1-bathroom single-family measured at 1,875. Borrower will hold the property as an income-producing asset with our rental refinance program.

The Results

• After Repair Value
$148,000 (As Is)
• Sale Price
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