The Client

Real Estate Professional
• Loan Purpose
Property Purchase
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$668,000
• Renovation Budget
• Loan Amount
$410,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This borrower is a full time real estate broker and investor, using Asset Based Lending to fund the purchase of bank-owned multi-family unit in the Bronx. The investor needed to close in less than 10 days, and plans to refinance out of the loan and hold the property for rental income.

The Results

• After Repair Value
$635,000
• Sale Price
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