The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 Months Interest Only

The Investment

• Purchase Price
$285,000
• Renovation Budget
$230,000
• Loan Amount
$486,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Experienced real estate investors in the Rutherford NJ area, and repeat borrowers, came to Asset Based Lending to fund the fix and flip of a 3 bed/2 bath single family home. The scope of work for this rehab includes exterior cosmetics, a 1300 square foot addition, and full renovations to the kitchen and bathrooms. Electrical and plumbing systems also require updates.

The Results

• After Repair Value
$753,000
• Sale Price
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