The Client

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

The Investment

• Purchase Price
$310,000
• Renovation Budget
$150,000
• Loan Amount
$391,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money loan to an experienced investor and real estate professional in New Jersey. Located in Rutherford New Jersey, the single family home will require extensive renovations which will be managed by the investor’s own development team.

The Results

• After Repair Value
$617,000
• Sale Price
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