The Client

Experienced Investor & Builder
• Loan Purpose
Cash Out And New Construction
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

Single Family Construction
• Purchase Price
$100,000
• Renovation Budget
$210,000 (Construction)
• Loan Amount
$248,000
• Cash Available for Purchase
$23,000
• Cash Available for Renovation
$210,000

The ABL Partnership

This experienced builder came to Asset Based Lending 2 months after purchasing a lot, looking for the construction funds to finance his project in St Petersburg Florida. The finished home will be a 4 bedroom, 3 bathroom, 2,100 square foot single family property, 15 minutes from downtown Tampa. The builder anticipates the construction to be complete within 3 months. We cant wait to see how this Floida new construction project turns out!

The Results

• After Repair Value
$407,000
• Sale Price
• Return on Investment
• Project Payoff
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