The Client

Repeat Borrower — Real Estate Investor
• Loan Purpose
Cash Out Refinance
• Loan Structure
Fully Amortizing 30-Year

The Investment

• Purchase Price
$80,000
• Renovation Budget
$162,500
• Loan Amount
$105,625
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a DSCR rental loan for a repeat borrower in Oklahoma City Oklahoma. This borrower contacted ABL or a cash out and refinance loan for a rental property already in their portfolio. In Oklahoma City, about 40% of residents rent their homes versus owning. With a DSCR of 1.79 this property will positively cash-flow for this borrower and contribute to their real estate portfolio. Once the unit is leased to a tenant the borrower can expect to collect market rent for the unit.

The Results

• After Repair Value
1.79
• Sale Price
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