The Client

Experienced Investor And Builder
• Loan Purpose
Property Purchase And New Construction
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$780,000
• Renovation Budget
$615,000
• Loan Amount
$1,475,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money loan to an experienced investor and builder for the purchase and new construction of several town homes in Philadelphia. The investor has already completed projects like this, previously turning a dilapidated old church into beautiful modern townhouses. We’re excited to see how this project turns out!

The Results

• After Repair Value
$2,550,000
• Sale Price
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