The Client

Attorney And Experienced Investor
• Loan Purpose
Property Purchase
• Loan Structure
12 Months Interest Only

The Investment

Extensive Rehab To Single Family Home
• Purchase Price
$275,000
• Renovation Budget
$110,000
• Loan Amount
$178,750
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This professional investor and attorney came to Asset Based Lending for a hard money loan in order to fund the purchase of a single family investment property in Stony Brook, NY. The borrower is using privately raised capital to fund the renovations, and ABL’s financing to fund the purchase of the home.

Asset Based Lending is a direct hard money lender in Long Island, NY.

The Results

• After Repair Value
$520,000
• Sale Price
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