The Client

Repeat Borrower
• Loan Purpose
Property Refinance And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

Gut Renovation & Addition
• Purchase Price
$142,000
• Renovation Budget
$140,000
• Loan Amount
$220,000
• Cash Available for Purchase
$160,000 (Refinance and Work Complete)
• Cash Available for Renovation
$60,000 (For Work To Be Completed)

The ABL Partnership

This real estate investor came to ABL after buying a property for cash 1 year earlier, and investing $50,000 of his own money into the renovations. After complications with tenants and his personal situation caused the project to take longer than anticipated, ABL was able to refinance the existing loan as well as provide cash out for the work completed and finance a rehab escrow for the remainder of the renovation project.

The Results

• After Repair Value
$355,000
• Sale Price
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