The Client

• Loan Purpose
Cash Out And New Construction
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$130,000
• Renovation Budget
$135,000
• Loan Amount
$234,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

ABL recently funded a hard money loan for a cash out and new construction deal in Toms River NJ. The borrower is an experienced builder, having previously built 50-60 homes. The home will be a 4 bed, 2 1/2 bath residence and will take an estimated 4 months to build.

The Results

• After Repair Value
$360,000
• Sale Price
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