Edgewood, MD
Address: Edgewood, MD
Borrower Profile: First time investors
Purchase Price: $76,000
Renovation Budget: $25,000
Loan Amount: $85,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Purchase And Rehab
ARV: $150,000
Situation:
This husband and wife investor team came to Asset Based Lending through a broker referral. While they were first time investors, one member of the group had extensive experience as a general contractor. The property was purchased through foreclosure and the borrowers needed the loan closed in one week. ABL delivered.
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