The Client

• Loan Purpose
Land Purchase & New Construction
• Loan Structure
12 Months Interest Only

The Investment

Demo And Construction
• Purchase Price
$360,000
• Renovation Budget
$385,000
• Loan Amount
$596,000
• Cash Available for Purchase
$211,000
• Cash Available for Renovation
$385,000

The ABL Partnership

This investor found a cheap investment property in Jersey City and decided it would be more profitable to tear it down and build a new construction modern condominium than to try and renovate the old single-family home. He is cutting no corners when it comes to building a beautiful and modern two-residence property. It should pay off well: we expect the final product to be worth $1,082,000. We can’t wait to see his vision materialize from the ground up!

The Results

• After Repair Value
$1,082,000
• Sale Price
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