The Client

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

The Investment

• Purchase Price
$140,000
• Renovation Budget
$260,000
• Loan Amount
$320,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a cash out and new construction hard money loan for experienced builders looking to build a multi-family property in Union City New Jersey. Since the borrowers had already purchased the property, ABL was able to give them cash out at the closing table and funds to the construction of the 3 story building.

The Results

• After Repair Value
$555,000
• Sale Price
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