The Client

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

The Investment

• Purchase Price
$13,000
• Renovation Budget
$130,000
• Loan Amount
$114,000
• Cash Available for Purchase
$0
• Cash Available for Renovation
$114,000

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a property rehab in Baltimore, Maryland. The borrower is applying for a Baltimore City tax credit for historic rehabilitation and restorations through the CHAP program, and we can’t wait to see how the $130,000 renovation budget turns out!

The Results

• After Repair Value
$202,000
• Sale Price
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