The Client

Father and son investor team
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$160,000
• Renovation Budget
$60,000
• Loan Amount
$172,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This team of real estate investors came to Asset Based Lending for a hard money loan to buy and rehab two properties that they found together in Newark New Jersey. Though none of the investors had experience with investment properties in Newark, they had solid profiles and the proper team needed to get the job done.

The Results

• After Repair Value
$325,000
• Sale Price
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