The Client

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

The Investment

• Purchase Price
$170,000
• Renovation Budget
$100,000
• Loan Amount
$229,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This real estate investor is using Asset Based Lending for a hard money loan to fund the purchase and rehab of a duplex condo conversion in Brigantine NJ. The scope of work for renovations is extensive, and includes new flooring, windows, siding, kitchens, and bathrooms.

The Results

• After Repair Value
$400,000
• Sale Price
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