The Client

First Time Borrower — Real Estate Investor
• Loan Purpose
Purchase Only
• Loan Structure
Fully Amortizing 30-Year

The Investment

• Purchase Price
$388,500
• Renovation Budget
$400,000
• Loan Amount
$310,800
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Killeen Texas. This borrower contacted ABL to purchase a 4-family building to add to their real estate investment portfolio. The property is completely occupied and collecting monthly rent at market rate. With a DSCR of 1.32 this property is generating positive cashflow for this investor. Killeen TX is a prime area for rental property investors as more than half of the residents rent their homes.

The Results

• After Repair Value
1.14
• Sale Price
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