The Client

• Loan Purpose
Land Purchase And New Construction
• Loan Structure
12 Months Interest Only

The Investment

New Construction
• Purchase Price
$116,000
• Renovation Budget
$640,000
• Loan Amount
$710,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money loan for the new construction of a 6 unit multi family property in Philadelphia PA. This borrower is exceptionally experienced, and plans to build both 3 bedroom and 1 bedroom units that will be rented out to students attending the university nearby.

The Results

• After Repair Value
$1,200,000
• Sale Price
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