The Client

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

The Investment

New Construction - Single Family
• Purchase Price
$35,000
• Renovation Budget
$264,000 (Construction)
• Loan Amount
$249,000
• Cash Available for Purchase
$10,000
• Cash Available for Renovation
$229,000 (Construction)

The ABL Partnership

Asset Based Lending recently funded a hard money loan for the new construction of a single family home in Cape Coral, Florida. The investor is an experienced real estate investor and repeat borrower with ABL. The subject build will be a 2,783 square foot home with 4 bedrooms and 3 bathrooms. The borrower is exceptionally experienced in this neighborhood, completing several builds on the same street and owning additional lots.

The Results

• After Repair Value
$409,000
• Sale Price
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