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Riverview Florida Property Purchase Hard Money Loan

Address: Riverview, FL
Borrower Profile: First Time Borrower, Experienced Investor
Work Description: No Renovation - Single Family
Purchase Price: $372,500
Renovation Budget: $0
Loan Amount: $160,000
Cash Available for Purchase: $160,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase Only
ARV: $450,000 (As Is)
Situation:

Asset Based Lending recently funded a property purchase hard money loan in Riverview Florida. The borrower is a first-time borrower that is a full-time real estate investor. The property was purchased for $372,500 with an estimated as-is value of $450,000. The property is a single-family 4-bedroom, 2.5-bathroom measured at 3,572 square feet. Borrower is planning to either sell the property for a profit or hold it as an income-producing asset with our rental refinance program.

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