The Client

Experienced Investor & Repeat Borrower
• Loan Purpose
Cash Out
• Loan Structure
12 Months Interest Only

The Investment

New Construction - Single Family
• Purchase Price
$31,935
• Renovation Budget
$184,650 (Construction)
• Loan Amount
$162,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money loan for cash out to complete a new construction project in Cape Coral, Florida. The experienced investors are also repeat ABL borrowers, and are coming to ABL to pull cash out of an 80% complete project in order to finance the launch of another deal. The subject property is a 4 bed / 2 bath 1,829 sqft single family with vaulted ceilings and upgraded finishes.

The Results

• After Repair Value
$249,000 (As-is)
• Sale Price
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