fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Cape Coral Florida Hard Money New Construction Loan

Address: Cape Coral, FL
Borrower Profile: First-Time Borrower – Experienced Real Estate Investor
Work Description: New Construction - 3 Single-Family Homes
Purchase Price: $285,000
Renovation Budget: $579,793.73 (Construction)
Loan Amount: $735,000
Cash Available for Purchase: $155,206.27
Cash Available for Renovation: $579,793.73 (Construction)
Loan Structure: 12 Months Interest Only
Loan Purpose: Cash Out & New Construction
ARV: $1,216,000

Asset Based Lending recently funded a new construction loan in Cape Coral Florida. The borrower is a first-time borrower and highly experienced real estate investor. The property was purchased for $285,000 with a construction budget of $579,793.73 and total loan funded at 85% LTC. This is a blanket loan that covers the construction of three identical single-family homes. These proposed builds will be 4-bedroom, 3-bathroom measured at 4,407 square feet. These homes will feature block and stucco façade, tile roof, impact windows & doors, and porcelain tile floors. Kitchens will be highlighted by custom cabinets, quartz countertops & backsplash, and stainless steel appliances. Bathrooms will feature quartz vanities, frameless enclosures, and tile wall accents. Each property will have outdoor pool and receive high-end finishes. Construction is expected to take between six and eight months with final sale occurring shortly after completion.

New construction loan Cape Coral Florida
Cape Coral FL hard money new construction loan
FL construction loans for real estate investors
Hard money loans for new construction Florida
Prequalify For A Hard Money Loan Today
Get Started