The Client

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

The Investment

Purchase Only - Multifamily 5
• Purchase Price
$650,000
• Renovation Budget
$
• Loan Amount
$520,000
• Cash Available for Purchase
$520,000
• Cash Available for Renovation
$0

The ABL Partnership

Asset Based Lending recently funded a hard money loan for the purchase of a 5 unit apartment building in Yonkers, New York. The investor is an exceptionally experienced real estate investor and repeat borrower who plans to refinance the property with a bank loan in 7-12 months.

The Results

• After Repair Value
$725,000 (As-Is)
• Sale Price
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