The Client

• Loan Purpose
Property Purchase
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$595,000
• Renovation Budget
• Loan Amount
$386,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Foreign national husband and wife investing team approached Asset Based Lending for a hard money loan to purchase a mixed use building in Jersey City New Jersey. The borrowers plan to refinance out of the loan within 9 months.

The Results

• After Repair Value
$600,000
• Sale Price
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