The Client

Repeat Borrower — Full-Time Real Estate Investor
• Loan Purpose
Land Purchase & Property New Construction
• Loan Structure
12 months interest only

The Investment

Demo & New Construction — Single-Family
• Purchase Price
$435,000
• Renovation Budget
$680,860 (Construction)
• Loan Amount
$945,000
• Cash Available for Purchase
$264,140
• Cash Available for Renovation
$680,860 (Construction)

The ABL Partnership

Asset Based Lending recently funded a hard money new construction loan in Beach Haven NJ. The borrower is a repeat borrower and full-time real estate investor. The proposed build is for a single family 5-bedroom, 4.5-bathroom measured at a total 2,300 square feet. The property will be highlighted by high-end finishes, cedar impression siding, Anderson 400 windows, nine-foot-high ceilings, LVP floors throughout, solid-core doors, crown molding, and outdoor pool. Kitchen will feature Thermador appliances, high-end custom cabinets, and quartz countertops. Bathrooms will feature all unique tile work, tiled showers, enclosed showers, and the master bath will include a double vanity with custom paint. Construction is expected to take eight months with final sale likely occurring before project completion.

The Results

• After Repair Value
$1,350,000
• Sale Price
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