The Client

First Time Borrower, Experienced Investor
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

No Renovation - Single Family
• Purchase Price
$248,000
• Renovation Budget
$0
• Loan Amount
$160,000
• Cash Available for Purchase
$160,000
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a property purchase hard money loan in Capitol Heights Maryland. The borrower is a first-time borrower that is an experienced real estate investor. The property was purchased for $248,000 with an as-is value of $278,000. The property is a single-family 3-bedroom, 4-bathroom measured at 1,485 square feet. Borrower is expected to sell the property at a profit within 2 months of deal closing.

The Results

• After Repair Value
$278,000 (As Is)
• Sale Price
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