The Client

Repeat Borrower
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$651,000
• Renovation Budget
$0
• Loan Amount
$520,000
• Cash Available for Purchase
$520,000
• Cash Available for Renovation
$0

The ABL Partnership

Asset Based Lending recently funded a hard money loan for a property purchase in Englewood, New Jersey. The subject property is a split-level 3,996 sq ft 5 bedroom / 3.5 bathroom single family home that sits on over half an acre and features a large living room, formal dining room, modern kitchen, and lots of storage space throughout.  The investor found this property through Sheriff’s Sale, and is buying it significantly below market value.

The Results

• After Repair Value
$775,000 (As-Is)
• Sale Price
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