201-942-9089 info@abl1.net

Chicago Heights Illinois Hard Money Cash Out Loan

Address: Chicago Heights, Illinois
Borrower Profile: First Time Borrower — Experienced Real Estate Investor
Work Description: Cash Out Based on AIV — Single Family Detached
Purchase Price: $103,783
Renovation Budget: $79,050
Loan Amount: $139,000
Cash Available for Purchase: $139,000
Cash Available for Renovation: $0
Loan Structure: 12 months interest only
Loan Purpose: Loan Refinance & Cash Out
ARV: $250,000
Chicago Heights Loan Refinance
Illinois Loan Refinance and Cash Out

­­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.

Illinois Cash Out Loan
Chicago Hard Money Lender
Illinois Hard Money Lender
Chicago Cash Out Loan