The Client

Repeat Borrower & Experienced Investor
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

Purchase Only - Single Family
• Purchase Price
$280,000
• Renovation Budget
$0
• Loan Amount
$210,000
• Cash Available for Purchase
$210,000
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a property purchase hard money loan in West Palm Beach Florida. The borrower is a repeat borrower that is an experienced real estate investor. The property was purchased for $280,000 with total loan funded at 75% LTC. This loan is for the purchase of a single-unit 1-bedroom, 1.5-bathroom condo measured at 936 square feet. The borrower will either sell the unit for a profit or refinance the loan to continue holding it as an income-producing asset with our rental refinance program.

The Results

• After Repair Value
$290,000 (As Is)
• Sale Price
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