The Client

Experienced Investor
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

Purchase Of Mixed Use Building
• Purchase Price
$450,000
• Renovation Budget
$0
• Loan Amount
$250,000
• Cash Available for Purchase
$250,000
• Cash Available for Renovation
$0

The ABL Partnership

Asset Based Lending recently funded a hard money purchase only loan for a mixed use property in Reading, Pennsylvania. The property was found through an online commercial property website, and consists of 2750 square feet of commercial/retail space with 2 floors of apartments on top (4 apartments total). The property is in good condition, and the commercial space is already rented with a long term lease.

The Results

• After Repair Value
$490,000 (as-is)
• Sale Price
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