The Client

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

The Investment

New Construction - Single Family
• Purchase Price
$418,000
• Renovation Budget
$340,000
• Loan Amount
$601,000
• Cash Available for Purchase
$261,000
• Cash Available for Renovation
$340,000

The ABL Partnership

Asset Based Lending recently funded a hard money new construction loan for a repeat borrower and experienced investor in Merrick, New York. The investor is on his 4th deal with ABL, this one a tear-down to the foundation across the street from one of his other projects in Nassau County. The finished home will be a 4 bed / 3 bath 3,085 square foot single family colonial with high-end finishes throughout.

The Results

• After Repair Value
$925,000
• Sale Price
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