The Client

Father & Son Team
• Loan Purpose
Cash Out And Property Rehabilitation
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Gut Renovation Of Single Family Property
• Purchase Price
$308,000
• Renovation Budget
$62,000
• Loan Amount
$286,000
• Cash Available for Purchase
$224,000 (Cash Out)
• Cash Available for Renovation
$62,000

The ABL Partnership

Asset Based Lending recently funded a hard money cash out and property rehab loan for a father & son investing team in Staten Island, New York. The son is a licensed realtor, and found the subject property in foreclosure. The rehab funds will be used to complete a total gut renovation: new kitchen, rood, windows, bathrooms, and opening up the floor plan.

The Results

• After Repair Value
$445,000
• Sale Price
• Return on Investment
• Project Payoff
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