fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Cape Coral FL New Construction Hard Money Loan

Address: Cape Coral, FL
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: New Construction – Single-Family
Purchase Price: $250,000
Renovation Budget: $451,069 (Construction)
Loan Amount: $595,000
Cash Available for Purchase: $143,931
Cash Available for Renovation: $451,069 (Construction)
Loan Structure: 12 Months Interest Only
Loan Purpose: Land Purchase And New Construction
ARV: $1,020,000
Situation:

Asset Based Lending recently funded a new construction hard money loan in Cape Coral Florida. The borrower is a repeat borrower and experienced builder & investor. The property was purchased for $250,000 with a construction budget of $451,069 and total loan funded at 85% LTC. The proposed build is a 3-bedroom, 2-bathroom with a total square footage of 3567 ft.² with 2162 ft.² under air and has direct gulf access. Home will be highlighted with high-grade finishes, 10-foot-high ceilings, tile floors throughout, and upscale kitchen and baths. Kitchen will feature wine bar, granite counters, shaker cabinets, and high-level appliances. Bath will feature granite counters, high-quality wall tiles, and stand-up showers with rainfall shower heads. Project is expected to take between five and six months with final sale occurring before completion.

Palm Bay FL hard money construction loans
FL hard money loans for construction
hard money lending in Florida
hard money lenders for construction in Florida
Construction lenders in Florida
Prequalify For A Hard Money Loan Today
Get Started
Menu