The Client

Real Estate Professional
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$385,000
• Renovation Budget
$50,000
• Loan Amount
$365,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This experienced investor has always funded deals with his own equity, but decided to use Asset Based Lending’s hard money loans as a source of leverage to fund additional investments. Rehab will be managed by the borrower’s brother, who is a licensed general contractor. The scope of work includes renovating the kitchen, bathroom, siding, driveway, floors, and re-painting the entire property.

The Results

• After Repair Value
$550,000
• Sale Price
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