The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$110,000
• Renovation Budget
$65,000
• Loan Amount
$145,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

The borrower is a foreign national and a repeat borrower, on his third simultaneous deal with Asset Based Lending. The scope of work includes replacing the entire kitchen, demolishing and rebuilding two bedrooms, cosmetic enhancements to the exterior of the property, new windows, and new flooring throughout.

The Results

• After Repair Value
$230,000
• Sale Price
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