The Client

Experienced investor team
• Loan Purpose
Property Purchase And Rehabilitation
• Loan Structure
12 months interest only

The Investment

• Purchase Price
$350,000
• Renovation Budget
$180,000
• Loan Amount
$448,000
• Cash Available for Purchase
$268,000
• Cash Available for Renovation

The ABL Partnership

The experienced team of investors approach Asset Based Lending for a hard money loan to fund the purchase and rehab of this 1,800 square foot single family home in Rutherford New Jersey. This home needed exterior work including full landscaping and tree service, all new windows, new siding, new deck, new roof, new front porch, and a Car Port. The interior work included restructuring the second and third floors, full renovation of the kitchen, renovation of 2 full bathrooms and a small addition with a new master bath, new hardwood floors, new trim work, and new paint. Electrical and plumbing upgrades were also included in the scope of work.

The Results

Take a look at this before and after video to see the project’s outcome for yourself.

• After Repair Value
$690,000
• Sale Price
$799,000
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