The Client

Experienced investor & repeat borrower
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$452,000
• Renovation Budget
$150,000
• Loan Amount
$511,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This is the fourth hard money loan Asset Based Lending has funded for this repeat borrower in the Philadelphia area. The scope of work includes adding a third floor to the existing two-story row house, as well as one new bedroom and one and a half additional bathrooms. The investor estimates the project will take three months to complete.

The Results

• After Repair Value
$790,000
• Sale Price
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