The Client

New investors
• Loan Purpose
Cash Out Refinance And New Construction
• Loan Structure
12 months interest only

The Investment

Completion of New Construction project
• Purchase Price
• Renovation Budget
$169,000
• Loan Amount
$600,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This borrower came to Asset Based Lending looking for a hard money loan to finish the construction of a catering hall and community center. The construction was roughly two-thirds completed, and being managed by a contractor with over 20 years of experience.

The Results

• After Repair Value
$1,400,000
• Sale Price
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