Situation:

Asset Based Lending recently funded a cash out and new construction loan for a team of investors that recently purchased this Multi-Family 2 at county auction. The experienced team of investors owns several rental properties, and intends to use ABL’s rental loan program to keep this property for rental income. The finished property will be a 2700 sqft 2 family. Each unit will be a 3 bed/2 bath apartment with above average quality finishes, central air in each unit, high end glass tiles, engineered hardwood floors throughout, as well as a private driveway and backyard.