201-942-9089 info@abl1.net

Dallas TX Hard Money New Construction Loan

Address: Dallas, Texas
Borrower Profile: Repeat Borrower — Experienced Real Estate Developer
Work Description: New Construction — Single Family Detached
Purchase Price: $90,000
Renovation Budget: $271,250 (Construction)
Loan Amount: $373,000
Cash Available for Purchase: $101,750
Cash Available for Renovation: $271,250 (Construction)
Loan Structure: 12 months interest only
Loan Purpose: Cash Out Refinance & New Construction
ARV: $541,000
Dallas Texas Real Estate
New Construction in Texas

Asset Based Lending recently funded a New Construction deal in Dallas, Texas with a repeat borrower and experienced real estate investor. This property was purchased for $90,000 with a loan amount of $373,000 and a construction budget of $271,250. This 2,318 square foot property will have an open family/kitchen/dining concept, a large porch, master bedroom with ensuite and 2 bedrooms with a sharing bathroom. With high end finishes, hardwood floors, and crown moldings, the borrower plans for a five month timeline and won’t market the home until its being painted.

Dallas TX New Construction
Best Hard Money Lender in Dallas