The Client

Repeat Borrower & Experienced Investor
• Loan Purpose
Cash Out And New Construction
• Loan Structure
12 Months Interest Only

The Investment

New Construction - Single Family
• Purchase Price
$180,000
• Renovation Budget
$349,000 (Construction)
• Loan Amount
$423,000
• Cash Available for Purchase
$59,000 (Cash Out)
• Cash Available for Renovation
$349,000 (Construction)

The ABL Partnership

Asset Based Lending recently funded a hard money loan in Cape Coral Florida for a team of exceptionally experienced real estate investors and repeat ABL borrowers. The investors purchased the lot in cash and invested some of their own money getting the site ready to build. The finished subject property will be a 3,567 square foot 3 bed / 3 bath single family home with a 3-car garage, great room, and pool with high-end finishes throughout.

The Results

• After Repair Value
$739,000
• Sale Price
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