The Client

Experienced Builder, First-Time Borrower
• Loan Purpose
Cash Out And New Construction
• Loan Structure
12 Months Interest Only

The Investment

New Construction - Single Family
• Purchase Price
$33,000
• Renovation Budget
$167,000
• Loan Amount
$130,000
• Cash Available for Purchase
$80,000 (Cash Out)
• Cash Available for Renovation
$50,000

The ABL Partnership

Although this investor has built over 20 houses in the past two years, this is his first time utilizing hard money to complete a project. He is three quarters of the way through with this new construction and has invested $150,000 of his own money. Since the Naples market is so hot, he already has three more projects in mind and is leveraging his assets to obtain the hard money necessary to expand his business and maximize his profit potential. We look forward to working with him on many more successful deals in the future.

The Results

• After Repair Value
$299,000
• Sale Price
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