The Client

Experienced stepbrother investor team
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

Purchase and rehab for mixed use building in Philadelphia
• Purchase Price
$320,000
• Renovation Budget
$1,000,000
• Loan Amount
$1,122,000
• Cash Available for Purchase
$122,000
• Cash Available for Renovation

The ABL Partnership

Substantial renovation of a mixed building in the Kensington neighborhood of Philadelphia. The borrowers were a very experienced team having completed over ten deals in the previous year and a half. One member of the team has extensive experience in construction.

The Results

• After Repair Value
$1,900,000
• Sale Price
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