The Client

Real Estate Agent
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only

The Investment

Rehab of a single family house purchased through short sale.
• Purchase Price
$175,000
• Renovation Budget
$25,000
• Loan Amount
$175,000
• Cash Available for Purchase
$150,000
• Cash Available for Renovation
$25,000

The ABL Partnership

ABL’s Florida loan officer met the borrower at local real estate investor association meet-up. The borrower had significant real estate investing experience prior to the financial recession. With the aid of ABL’s hard money lending, the borrower is back in the game.

The Results

The subject property was a short sale and ABL managed to close the loan within two weeks. The loan funded both the purchase and rehabilitation costs for the project. The project turned around within just four months.

• After Repair Value
$275,000
• Sale Price
$300,000
• Project Payoff
4 months
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