The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$171,000
• Renovation Budget
$30,000
• Loan Amount
$166,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money loan for the purchase and rehab of a single family home in Rahway New Jersey. The borrower is an experienced investor who owns several rental properties, and is working with an experienced contractor to manage the renovations.

The Results

• After Repair Value
$290,000
• Sale Price
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