The Client

Experienced Investor & Attorney
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$335,000
• Renovation Budget
$0
• Loan Amount
$150,000
• Cash Available for Purchase
$150,000
• Cash Available for Renovation
$0

The ABL Partnership

This real estate investor in Jersey City, NJ came to Asset Based Lending in need of a quick-close hard money loan for the purchase of a mixed use building. The borrower chose to fund minor renovations out of his own pocket including updating the electrical system, new coats of pain, updating the bathrooms and kitchens, as well as repairing the floors.

The Results

• After Repair Value
$350,000 (As-Is)
• Sale Price
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