­­Asset Based Lending recently funded a cash out loan for a first-time borrower and experienced real estate investor in Chicago Heights Illinois. This borrower recently completed renovations on this single-family property and contacted ABL for a short-term cash out loan while they have the property for sale. The cash out is based on the as-is value of the home and capped at 60% LTV. This borrower intends to use the cash out for future acquisitions and to remain liquid for those projects. Once the sale is complete the borrower will pay off the cashout bridge loan.