The Client

• Loan Purpose
Cash Out And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$41,000
• Renovation Budget
$134,000
• Loan Amount
$140,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

These experienced investors came to Asset Based Lending for a cash out and rehab hard money loan. The rehab is for a two-family property in Paterson New Jersey. The scope of work for renovations includes and entire overhaul to the roof, siding, electrical and plumbing.

The Results

• After Repair Value
$275,000
• Sale Price
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