The Client

First Time Borrower — Experienced Real Estate Investor
• Loan Purpose
Cash Out & Property New Construction
• Loan Structure
12 months interest only

The Investment

New Construction — Single Family
• Purchase Price
$133,000
• Renovation Budget
$250,000 (Construction)
• Loan Amount
$284,000
• Cash Available for Purchase
$250,000
• Cash Available for Renovation
$250,000 (Construction)

The ABL Partnership

­Asset Based Lending recently funded a new construction single family project in Nashville Tennessee for a first time borrower and experienced real estate investor. This borrower is a general contractor and has completed upwards of ten projects in the last three years. This single family home will have two bedrooms and two and a half bathrooms. The primary suite will have an ensuite bathroom featuring a walk-in shower and double vanity. The kitchen will have modern shaker cabinets, quartz countertops and stainless-steel appliances. Nashville has experienced an influx of people relocating to this city due to the growing job market, which has created a heightened demand for new housing. This new construction project is expected to be complete in approximately six months at which time these investors will list this property for sale.

The Results

• After Repair Value
$460,000
• Sale Price
Back To All Case Studies