The Client

Experienced Investor & Builder
• Loan Purpose
New Construction
• Loan Structure
12 Months Interest Only

The Investment

New Construction - Duplex
• Purchase Price
$13,757
• Renovation Budget
$303,000 (Construction)
• Loan Amount
$195,000
• Cash Available for Purchase
$0
• Cash Available for Renovation
$195,000 (Construction)

The ABL Partnership

Asset Based Lending recently financed a hard money loan for the construction of a duplex in Port Charlotte Florida for an extremely experienced real estate investor and builder. The proposed build will be a duplex containing two separate condo units. Each unit will be a 3/2/1 with a total square footage of 1719 ft.² with 1247 ft.² under air. The finished build will contain hurricane windows, stainless steel appliances with high end kitchen cabinets, vaulted ceilings, and tile floors throughout.

The Results

• After Repair Value
$325,000
• Sale Price
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