The Client

Experienced Investor, Builder, and Licensed Electrician
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$450,000
• Renovation Budget
$250,000
• Loan Amount
$568,000
• Cash Available for Purchase
$318,000
• Cash Available for Renovation
$250,000

The ABL Partnership

This borrower is a jack of all trades and is well equipped to rehabilitate a single family home like this New York property. His multi-faceted abilities as investor, builder, and electrician will allow him to turn a $250,000 rehab budget into a $460,000 increase in the two-story home’s value. He has planned his renovation in detail, down to the paint selection – Benjamin Moore Ultra spec. in Eggshell. This home will undergo a major transformation and our borrower will end up with a home worth nearly a million dollars if he sticks to budget and schedule, which we fully expect him to do. We’re excited to see all this investor’s hard work pay off!

The Results

• After Repair Value
$910,000
• Sale Price
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