Hard Money Loan For New Construction In St Petersburg Florida

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Address: St Petersburg, FL

Borrower Profile: Experienced Investor & Builder

Purchase Price: $95,000

Renovation Budget: $280,000

Loan Amount: $300,000

Cash Available for Purchase: $20,000

Cash Available for Renovation: $280,000

Loan Structure: 12 Months Interest Only

Loan Purpose: Land Purchase And New Construction

ARV: $500,000

Situation:

Asset Based Lending is thrilled to have this repeat borrower and experienced builder back for another hard money construction loan in St Petersburg, Florida. The finished build will be a 2,700 square foot 5-bedroom 3-bathroom single family home. With his track record, we can’t wait to see the finished project!