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Hard Money Loan For Construction In Port Charlotte Florida

Address: Port Charlotte, FL
Borrower Profile: Experienced Investor & Builder
Work Description: New Construction - Duplex
Purchase Price: $13,757
Renovation Budget: $303,000 (Construction)
Loan Amount: $195,000
Cash Available for Purchase: $0
Cash Available for Renovation: $195,000 (Construction)
Loan Structure: 12 Months Interest Only
Loan Purpose: New Construction
ARV: $325,000
Situation:

Asset Based Lending recently financed a hard money loan for the construction of a duplex in Port Charlotte Florida for an extremely experienced real estate investor and builder. The proposed build will be a duplex containing two separate condo units. Each unit will be a 3/2/1 with a total square footage of 1719 ft.² with 1247 ft.² under air. The finished build will contain hurricane windows, stainless steel appliances with high end kitchen cabinets, vaulted ceilings, and tile floors throughout.

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