The Client

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

The Investment

New Construction - Single Family
• Purchase Price
$50,000
• Renovation Budget
$140,000 (Construction)
• Loan Amount
$152,000
• Cash Available for Purchase
$12,000 (Cash Out)
• Cash Available for Renovation
$140,000 (Construction)

The ABL Partnership

This borrower, an experienced real estate investor in Florida, came to Asset Based Lending for a cash out and new construction hard money loan for a project in West Park Florida. The finished project will be a 2,000 square foot single family home with 3 bedrooms, 2 bathrooms, and a 1 car garage. This investor has developed a style for these properties that sell quickly in the local market, incorporating contemporary design, high efficiency appliances and unique designs in the kitchen and bathrooms.

The Results

• After Repair Value
$320,000
• Sale Price
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