The Client

• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only
• Loan Used

The Investment

• Purchase Price
$310,000
• Renovation Budget
$40,000
• Loan Amount
$273,000
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

This investor found Asset Based Lending at a local Real Estate Investor Association meetup event. An experienced flipper in Long Island and the New York Area, this borrower decided to use a hard money loan in order to further leverage his capital. This project is a 3 bedroom 1 bathroom single family home. The scope of work for renovations includes full overhaul of the kitchen, bathroom, siding, driveway, flooring, and basement.

The Results

• After Repair Value
$420,000
• Sale Price
• Return on Investment
• Project Payoff
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