The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$1,875,000
• Renovation Budget
$200,000
• Loan Amount
$1,600,000
• Cash Available for Purchase
$1,400,000
• Cash Available for Renovation
$200,000

The ABL Partnership

Asset Based Lending recently closed a $1.6M hard money fix and flip loan for a mixed-use property in Brooklyn New York. These experienced real estate investors were recommended to ABL through a trusted attorney. The scope of work for the 3 residential units and 1 commercial unit includes major electrical system upgrades, new ceilings and roofing, as well as flooring, tile, and kitchen updates.

The Results

• After Repair Value
$2,700,000
• Sale Price
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