The Client

Repeat Borrower
• Loan Purpose
Property New Construction
• Loan Structure
Short-Term Bridge Loan

The Investment

Property New Construction Only
• Purchase Price
$186,072
• Renovation Budget
$1,815,032
• Loan Amount
$1,800,000

The ABL Partnership

Asset Based Lending recently funded a short-term bridge loan in Detroit, MI. This repeat borrower and experienced portfolio investor used a bridge loan to build this single-family new construction. Our borrower’s plan is to transform a rundown neighborhood into a community featuring updated, modern homes.

The Results

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