The Client

Experienced investor
• Loan Purpose
Property Purchase
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$275,000
• Renovation Budget
• Loan Amount
$178,750
• Cash Available for Purchase
$178,750
• Cash Available for Renovation

The ABL Partnership

This repeat borrower and full time real estate attorney approached Asset Based Lending looking for a hard money loan to finance the purchase of a single family home in Stony Brook New York. While the property will be rehabbed, the investor has decided to use his own capital for that part of the deal.

The Results

• After Repair Value
$520,000
• Sale Price
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