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Hard Money Loan In Florida For New Construction

Address: St Petersburg, FL
Borrower Profile: Experienced Investor & Builder
Work Description: New Construction - Single Family
Purchase Price: $98,000
Renovation Budget: $282,000 (Construction)
Loan Amount: $282,000
Cash Available for Purchase: $60,000
Cash Available for Renovation: $222,000 (Construction)
Loan Structure: 12 Months Interest Only
Loan Purpose: Land Purchase And New Construction
ARV: $453,000
Situation:

Asset Based Lending if proud to welcome back this repeat borrower and very experienced builder in St Petersburg Florida. The hard money loan is for the land purchase and new construction of a 2926 square foot 5-bed 2-bath single family home. The project is routine for this builder, having already built the same model house down the block from this one. The investor plans to have the construction done in under 3 months, and has already pre-sold the home.

Construction hard money loans FL
Florida hard money loan for construction
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