The Client

Experienced Investor & Builder
• Loan Purpose
Land Purchase And New Construction
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$225,000
• Renovation Budget
$273,300 (Construction)
• Loan Amount
$398,000
• Cash Available for Purchase
$124,700
• Cash Available for Renovation
$273,300

The ABL Partnership

After meeting the team and an ABL-hosted networking event, this experienced builder and real estate investor came to Asset Based Lending for a hard money loan to purchase a lot in Staten Island and build a mixed use building. The finished property will be two residential units with one commercial, an exact replica of previously completed new builds. With this borrower’s track record, we can’t wait to see what he can do with our new construction loan.

The Results

• After Repair Value
$725,000
• Sale Price
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