Hard Money New Construction Loan In Palm Beach Gardens FL

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Address: Palm Beach Gardens, FL

Borrower Profile: Experienced Investor & Builder

Purchase Price: $192,000

Renovation Budget: $458,000

Loan Amount: $480,000

Cash Available for Purchase: $22,000 (Cash Out)

Cash Available for Renovation: $458,000

Loan Structure: 12 Months Interest Only

Loan Purpose: Cash Out And New Construction

ARV: $800,000

Situation:

After buying the land for cash, this investor came to Asset Based Lending for a hard money new construction loan to finance the build of a 5,000 sqft 4 bedroom single family property. The plans include impact glass, hurricane proof roofing, high end finishes in the kitchen and throughout the property, as well as high efficiency systems and a 3-car garage.