The Client

Full Time Real Estate Investor
• Loan Purpose
Cash Out & New Construction
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$200,000
• Renovation Budget
$316,000 (Construction)
• Loan Amount
$396,000
• Cash Available for Purchase
$80,000 (Cash Out At Close)
• Cash Available for Renovation
$316,000

The ABL Partnership

Asset Based Lending recently funded a rush closing for a borrower that purchased a property for cash and was looking to pull cash out in order to recoup purchase costs as well as fund the construction work. The scope of work includes adding over 1,200 square feet to the property and a gut renovation down to the studs of the existing structure. This is a big undertaking, but we’re confident this full-time investor will do an amazing job!

The Results

• After Repair Value
$648,000
• Sale Price
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