The Client

Experienced Investor & Builder
• Loan Purpose
Cash Out & New Construction
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$500,000
• Renovation Budget
$900,000
• Loan Amount
$950,000
• Cash Available for Purchase
$50,000 (Cash Out)
• Cash Available for Renovation
$900,000

The ABL Partnership

Asset Based Lending recently funded a cash out and new construction hard money loan for a real estate investor in Jupiter, Florida. The borrower purchased this 10 acre lot in cash over a year ago, and came to ABL in order to pull some cash out of the equity and fund the renovations. The finished property will be almost 8,500 square feet of living space, plus approximately 6,100 square feet of porch and garage space.

The Results

• After Repair Value
$1,800,000
• Sale Price
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