The Client

• Loan Purpose
New Construction Only
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$47,500
• Renovation Budget
$169,000 (Construction)
• Loan Amount
$169,000
• Cash Available for Purchase
$0
• Cash Available for Renovation
$169,000 (Construction)

The ABL Partnership

This experienced builder and wife of one of ABL’s repeat borrowers came to Asset Based Lending for a hard money construction loan to complete the build of a 1,700 square foot single family home in Miami, Florida. This borrower purchased a double empty lot, which was then subdivided into two and both houses are being built at the same time. With this borrower’s experience, we can’t wait to see the finished homes!

The Results

• After Repair Value
$350,000
• Sale Price
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