The Client

Husband and Wife Investing Team
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only
• Loan Used

The Investment

• Purchase Price
$800,000
• Renovation Budget
• Loan Amount
$300,000
• Cash Available for Purchase
$300,000
• Cash Available for Renovation

The ABL Partnership

This husband and wife investing team came to ABL looking for some assistance in funding the purchase of an investment property in Brooklyn, NY. This team is planning on renovating only the kitchens and bathrooms of the home and will do it with their own cash since they only came to ABL for a hard money loan on only the purchase of the property. The demand for rentals in this Brooklyn neighborhood is strong. The couple plans to capitalize on the hot market by splitting the home into 3 units and renting them out in an effective buy and hold investment strategy. We wish this team the best of luck and hope to continue working with them on future projects!

The Results

• After Repair Value
$1,200,000
• Sale Price
• Return on Investment
• Project Payoff
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