The Client

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

The Investment

Extensive rehab to multi-family building
• Purchase Price
$1,400,000
• Renovation Budget
$400,000
• Loan Amount
$1,450,000
• Cash Available for Purchase
$1,050,000
• Cash Available for Renovation

The ABL Partnership

This experienced real estate investor found Asset Based Lending by searching online after his previous hard money lender ran out of money and was unable to fund the deal. ABL funded 80% of the purchase plus 100% of the rehab costs. The extensive renovations included adding almost 900 square feet and totaled roughly $400,000.

The Results

You have to see it to believe it. Take a look at this before and after video to see the project’s progression from start to finish.

• After Repair Value
$2,200,000
• Sale Price
$2,150,000
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