The Client

First Time Borrower — Real Estate Investor
• Loan Purpose
Purchase Only
• Loan Structure
Fully Amortizing 30-Year

The Investment

• Purchase Price
$249,000
• Renovation Budget
$250,000
• Loan Amount
$199,200
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Tallahassee Florida. This borrower contacted ABL to purchase a town-home to add as a rental unit to their real estate investment portfolio. The property is completely unoccupied, but the borrower expects to collect monthly rent at market rate. With a DSCR of 1.10 this property will generate positive cash-flow for this investor. Tallahassee is the state capital of FL and offers many amenities for residents including job opportunities and access to many different activities. Owning a rental property is great for investors as 60% of residents depend on renting their home.

The Results

• After Repair Value
1.10
• Sale Price
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