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New Construction Loan Funded By Hard Money Lender In Miami Florida

Address: Miami, FL
Purchase Price: $47,500
Renovation Budget: $169,000 (Construction)
Loan Amount: $169,000
Cash Available for Purchase: $0
Cash Available for Renovation: $169,000 (Construction)
Loan Structure: 12 Months Interest Only
Loan Purpose: New Construction Only
ARV: $350,000
Situation:

This experienced builder and wife of one of ABL’s repeat borrowers came to Asset Based Lending for a hard money construction loan to complete the build of a 1,700 square foot single family home in Miami, Florida. This borrower purchased a double empty lot, which was then subdivided into two and both houses are being built at the same time. With this borrower’s experience, we can’t wait to see the finished homes!

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