The Client

Experienced Developer
• Loan Purpose
Property Purchase & Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$45,000
• Renovation Budget
$82,500
• Loan Amount
$105,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This real estate investor has experienced investing in large apartment buildings with private equity, and has recently started investing in smaller row houses. Asset Based Lending funded a hard money loan for the purchase and rehabilitation of this 3 family property in Trenton, New Jersey. The scope of work for the renovation of the property is extensive, and includes new plumbing, electing, and overhauled kitchens and bathrooms.

The Results

• After Repair Value
$190,000
• Sale Price
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