The Client

First Time Borrower — Real Estate Investor
• Loan Purpose
Cash Out Refinance
• Loan Structure
Fully Amortizing 30-Year
• Loan Used

The Investment

• Purchase Price
$3,000
• Renovation Budget
$100,000
• Loan Amount
$75,000
• 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 and in Macon Georgia. The property was purchased for $3,000 with a loan amount of $75,000 and an appraised value of $100,000. This home contains 1,025 square feet and was built in 1958. It has 3 bedroom and 2 bathrooms. 45% of all households in Macon, GA are renter occupied, making this a great choice for the borrower’s real estate portfolio. With a DSCR of 1.80 this property is positively cash flowing and provides passive income for this rental property investor.

The Results

• After Repair Value
1.80
• Sale Price
• Return on Investment
• Project Payoff
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