The Client

Experienced Investor
• Loan Purpose
New Construction
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$220,000
• Renovation Budget
$400,000
• Loan Amount
$527,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This borrower is an experienced real estate investor that has successfully completed several local fix and flip projects, and came to ABL for a hard money loan in order to fund his first New Construction deal. The plan for the project is to essentially tear down the existing house to the foundation and build a new house on top, adding a 2nd level and 900 square feet.

The Results

• After Repair Value
$819,000
• Sale Price
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