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

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
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