The Client

• Loan Purpose
Cash Out And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$189,500
• Renovation Budget
$88,000
• Loan Amount
$248,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This borrower, on his third real estate investment, came to Asset Based Lending looking for a hard money cash out and rehabilitation loan. The scope of work includes renovating the floors, fixing the pool, overhauling the foundation, as well as upgrading the windows, roof, and landscaping.

The Results

• After Repair Value
$390,000
• Sale Price
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