The Client

Experienced investor and relator
• Loan Purpose
Cash Out Refinance And Rehabilitation
• Loan Structure
12 months interest only

The Investment

Gut renovations
• Purchase Price
$149,999
• Renovation Budget
$305,000
• Loan Amount
$424,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This experienced investor team is made up of real estate professionals who came to Asset Based Lending for a cash out refinance and renovation loan for a multi family property in Union City New Jersey. The plan is to completely gut the building, overhaul it over 4-6 months, and then hold it as a rental property once the renovation is completed. This team has fixed and flipped 18 properties in the last two years.

The Results

• After Repair Value
$675,000
• Sale Price
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