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Florida Hard Money Lender – Naples Property Purchase

Address: Naples, FL
Work Description: 48 Hour Close
Purchase Price: $329,000
Renovation Budget: $0
Loan Amount: $215,000
Cash Available for Purchase: $215,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase Only
ARV: $380,000
Situation:

ABL is proud to say that this hard money loan in Naples Florida was closed in record-time! The investors were referred to Asset Based Lending from another borrower after their existing private lender pulled out of the deal last minute due to lack of funds. The deal had to close within 48 hours of ABL receiving the initial application and the ABL team was was able to deliver! The subject property for this hard money loan is a 4 bed/2.5 bath single family with a den and pool on 8.41 acres and canal exposure. The investor plans on subdividing the land, tearing down the existing structure and building 3 single family homes.

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