The Client

Experienced Investors: husband and wife team
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only

The Investment

Gut renovation of an urban single family home in Philadelphia
• Purchase Price
$35,000
• Renovation Budget
$57,500
• Loan Amount
$75,000
• Cash Available for Purchase
$17,500
• Cash Available for Renovation
$57,500

The ABL Partnership

Borrower was recommended to ABL by another real estate investor. He found the property on the MLS as an expired listing. The property sellers had to contend with a very complicated title history, thereby causing an extended eight year selling period. The buyer got a great deal.

The Results

Very fast rehabilitation completed in 90 days, followed by a fast selling period of only another 90 days. Very profitable deal for the borrowers.

• After Repair Value
$138,000
• Sale Price
$149,900
• Project Payoff
6 months
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