The Client

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

The Investment

New Construction - Single Family
• Purchase Price
$387,500
• Renovation Budget
$450,000
• Loan Amount
$647,000
• Cash Available for Purchase
$197,000
• Cash Available for Renovation
$450,000

The ABL Partnership

Asset Based Lending is glad to have this repeat borrower and experienced investor back for another deal! This investor is a specialist in his particular region of Connecticut, and has even built more than one house on this particular block! This project involves demolishing the existing home and building a 4,200 sqft 5 bedroom colonial on a half-acre lot. The property be similar to this investor’s prior projects, utilizing high end finishes and moldings throughout.

The Results

• After Repair Value
$1,045,000
• Sale Price
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