The Client

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

The Investment

• Purchase Price
$155,000
• Renovation Budget
$158,975
• Loan Amount
$266,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This team of investors came to Asset Based Lending seeking a hard money loan to fund their fix and flip deal in Jersey City, New Jersey. The plan for the property rehab is to complete a high-end renovation to the multi-family building using a contractor that the investors have worked with on 9 previous projects. The scope of work includes renovating all of the interior spaces as well as the building facades. In addition, all mechanical and electrical systems will be replaced.

The Results

• After Repair Value
$557,000
• Sale Price
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