The Client

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

The Investment

• Purchase Price
$86,000
• Renovation Budget
$348,000 (Construction)
• Loan Amount
$348,000
• Cash Available for Purchase
$0
• Cash Available for Renovation
$348,000 (Construction)

The ABL Partnership

Asset Based Lending recently funded a hard money loan for the construction of two identical single family homes on contiguous lots in St Petersburg, Florida. The 1,685 square-foot homes will have higher than mid-grade finishes including crown molding, floor to ceiling tile in the showers, and 9.5 feet ceilings. The investor is even going to include a chandelier in the dining room! With this borrower’s experience and track-record, we’re sure the finished products will be amazing!

The Results

• After Repair Value
$590,000
• Sale Price
• Return on Investment
• Project Payoff
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