The Client

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

The Investment

• Purchase Price
$635,000
• Renovation Budget
$500,000
• Loan Amount
$800,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a new construction project in Miami Florida. The borrower is a general contract with experience building and selling houses in the area. The house will be a 5 bedroom, 2 bathroom residence with a 2 car garage and pool.

The Results

• After Repair Value
$1,800,000
• Sale Price
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