The Client

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

The Investment

• Purchase Price
$94,000
• Renovation Budget
$175,000
• Loan Amount
$220,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money loan for experienced investors and repeat borrowers to purchase and renovate a row house in the Point Breeze section of Philadelphia. The renovations are extensive, and expected to take 6 months.

The Results

• After Repair Value
$355,000
• Sale Price
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