The Client

Experienced Investor & Builder
• Loan Purpose
Cash Out And New Construction
• Loan Structure
12 Months Interest Only

The Investment

New Construction - Single Family
• Purchase Price
$560,000
• Renovation Budget
$800,000
• Loan Amount
$1,080,000
• Cash Available for Purchase
$280,000 (Cash Out)
• Cash Available for Renovation
$800,000 (Construction)

The ABL Partnership

Asset Based Lending recently funded a hard money loan for cash out and new construction of a home in Sarasota, Florida. The borrower is new to ABL, but has built several houses previously ans has been a real estate investor for over 15 years. The land was purchased a year ago in cash for $560,000, with $800,000 needed to construct the two-story 6 bed 6.6 bathroom 5,100 square foot single family home. The home will feature high-end finishes, a 2-car garage, a large covered lanai, and an open floor plan throughout.

The Results

• After Repair Value
$2,400,000
• Sale Price
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