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Hard Money Loan For Cash Out & Construction In Cape Coral FL

Address: Cape Coral, FL
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: New Construction - Single Family
Purchase Price: $180,000
Renovation Budget: $349,000 (Construction)
Loan Amount: $423,000
Cash Available for Purchase: $59,000 (Cash Out)
Cash Available for Renovation: $349,000 (Construction)
Loan Structure: 12 Months Interest Only
Loan Purpose: Cash Out And New Construction
ARV: $739,000
Situation:

Asset Based Lending recently funded a hard money loan in Cape Coral Florida for a team of exceptionally experienced real estate investors and repeat ABL borrowers. The investors purchased the lot in cash and invested some of their own money getting the site ready to build. The finished subject property will be a 3,567 square foot 3 bed / 3 bath single family home with a 3-car garage, great room, and pool with high-end finishes throughout.

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