The Client

Repeat Borrower
• Loan Purpose
Land Purchase And New Construction
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

New Construction Of Single Family Home
• Purchase Price
$155,000
• Renovation Budget
$320,000 (Construction
• Loan Amount
$380,000
• Cash Available for Purchase
$60,000
• Cash Available for Renovation
$320,000

The ABL Partnership

Asset Based Lending recently funded a hard money new construction loan for a repeat borrower and experienced builder in Danbury Connecticut. The property is adjacent to one of his prior builds, and will be a 3,100 square foot 4-bed 1 1/2 bath single family home with a finished basement. The property will be finished with high end appliances, cabinets, and other touches to give it top-notch appeal.

The Results

• After Repair Value
$630,000
• Sale Price
• Return on Investment
• Project Payoff
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