Asset Based Lending recently funded a property purchase hard money loan in West Palm Beach Florida. The borrower is a repeat borrower that is an experienced real estate investor. The property was purchased for $280,000 with total loan funded at 75% LTC. This loan is for the purchase of a single-unit 1-bedroom, 1.5-bathroom condo measured at 936 square feet. The borrower will either sell the unit for a profit or refinance the loan to continue holding it as an income-producing asset with our rental refinance program.