Situation:

Asset Based Lending recently funded a hard money loan for cash out to complete a new construction project in Cape Coral, Florida. The experienced investors are also repeat ABL borrowers, and are coming to ABL to pull cash out of an 80% complete project in order to finance the launch of another deal. The subject property is a 4 bed / 2 bath 1,829 sqft single family with vaulted ceilings and upgraded finishes.