201-942-9089 info@abl1.net

Danbury CT New Construction Hard Money Loan

Address: Danbury, CT
Borrower Profile: Repeat Borrower
Work Description: New Construction Of Single Family Home
Purchase Price: $155,000
Renovation Budget: $320,000 (Construction
Loan Amount: $380,000
Cash Available for Purchase: $60,000
Cash Available for Renovation: $320,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Land Purchase And New Construction
ARV: $630,000

Situation:

Asset Based Lending recently funded a hard money new construction loan for a repeat borrower and experienced builder in Danbury Connecticut. The property is adjacent to one of his prior builds, and will be a 3,100 square foot 4-bed 1 1/2 bath single family home with a finished basement. The property will be finished with high end appliances, cabinets, and other touches to give it top-notch appeal.