The Client

First Time Investor
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$116,000
• Renovation Budget
$21,000
• Loan Amount
$105,000
• Cash Available for Purchase
$84,000
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money fix and flip loan for a first time real estate investor looking to purchase an REO multi-family property in Newark New Jersey. The property as-is was in decent shape, in need of minor repairs and cosmetic upgrades to the property’s interior and exterior. Once complete, the borrower plans to refinance the hard money loan and hold it for rental income.

The Results

• After Repair Value
$215,000
• Sale Price
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