The Client

Experienced Investor & Builder
• Loan Purpose
New Construction
• Loan Structure
12 Months Interest Only

The Investment

New Construction - Single Family
• Purchase Price
$70,000
• Renovation Budget
$300,000
• Loan Amount
$300,000
• Cash Available for Purchase
$0
• Cash Available for Renovation
$300,000

The ABL Partnership

Asset Based Lending recently funded a hard money construction loan for an experienced investor and repeat borrower in Cape Coral, Florida. The subject build will be a 3/3/2 located on the canal with a great room and a study. The property will have a total of 3390 sq ft with approximately 2377 sq ft under air.  This lot was purchased for $70K cash less than a year ago, and will take about $300,000 to build.

The Results

• After Repair Value
$555,000
• Sale Price
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