­Asset Based Lending recently funded a new construction project for a repeat borrower and experienced real estate developer in Atlanta Georgia. This borrower purchased a parcel using another hard money lender for financing. For this development project, ABL is refinancing the original hard money loan that was secured for the property purchase and make ABL the first lien position for the new construction loan. This borrower is an experienced real estate developer with three completed projects in the last three years. With the ground up construction loan this borrower intends to build four attached townhomes each with three bedrooms and three and a half bathrooms. These properties will be finished with hardwood floors, granite countertops Samsung appliances, and Pella windows. This borrower expects to complete the ground up construction on these four townhomes in ten months, at which time they will list each property for final sale.