The Client

First Time Borrower — Real Estate Investor
• Loan Purpose
Purchase
• Loan Structure
Fully Amortizing 30-Year

The Investment

• Purchase Price
$175,000
• Renovation Budget
$209,000
• Loan Amount
$131,250
• Cash Available for Purchase
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a DSCR rental loan for a first time borrower in Wappingers Falls New York. This borrower purchased a multifamily property to incorporate it into their rental portfolio. The units are are already rented out to tenants and the borrower is collecting monthly market rate rent. With a DSCR of 1.58, this property is generating positive cash-flow and passive monthly income for the investor. Wappingers Falls has a strong rental population with 66% of residents renting their homes, making it a great addition to this borrower’s portfolio.

The Results

• After Repair Value
1.58
• Sale Price
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