The Client

Experienced investor and construction project manager
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$462,000
• Renovation Budget
$90,000
• Loan Amount
$459,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This deal came to Asset Based Lending through a broker who had a client in need of a hard money loan to fix and flip a suburban single family home in Totowa New Jersey. The investor came into the project with a couple of successful flips under his belt, experience as a project manager in the construction field, and a trusted general contractor ready to do the work.

The Results

• After Repair Value
$742,000
• Sale Price
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