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Atlanta Georgia Hard Money New Construction Loan

Address: Atlanta, GA
Borrower Profile: First-Time Borrower — Newer Real Estate Investor
Work Description: New Construction — Single-Family
Purchase Price: $40,000
Renovation Budget: $425,000 (Construction)
Loan Amount: $395,000
Cash Available for Purchase: $0
Cash Available for Renovation: $395,000 (Construction)
Loan Structure: 12 months interest only
Loan Purpose: Property New Construction Only
ARV: $680,000
Atlanta new construction loan
New construction loans Atlanta GA

Asset Based Lending recently funded a hard money new construction loan in Atlanta Georgia. The borrower is a first-time borrower and newer real estate investor. The proposed build is for a Colonial single-family 5-bedroom, 4.5-bathroom measured at 3,357 square feet. The borrower’s goal is to have the home be obvious that it was “designed by a woman” with thoughtful, time-saving features such as the pantry cubby being attached to the garage so bulk items can be loaded directly into the house from the car, as well as a laundry room accessed directly from the master suit’s walk-in closet. The home will feature luxury finishes and have a modern feel including double hung black windows, nine-foot-high ceilings, solid core doors, and finished basement. Other highlights will include designated media room, covered deck, wet bar, and large master suite. Construction is expected to take up to eight months with final sale occurring shortly after completion.

GA new construction loans
Georgia hard money loan