The Client

• Loan Purpose
Cash Out & Property Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$85,000
• Renovation Budget
• Loan Amount
$158,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a project in Northfield, New Jersey with a $158,000 hard money loan for a cash out and rehab. This investor cashed out on their property to take on a large renovation. The plans include a complete demolition and reconstruction of a new kitchen and two new bathrooms, as well. The home will be equipped with a fresh set of paint and a freshly paved concrete driveway. He also plans to expand on his living space with a family room extension! This project is certain to turn out well with the guidance and support of the ABL team working side by side with our investor!

The Results

• After Repair Value
$345,000
• Sale Price
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