fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Palm Bay FL New Construction Hard Money Loan

Address: Palm Bay, FL
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: New Construction – Single-Family
Purchase Price: $19,000
Renovation Budget: $214,812 (Construction)
Loan Amount: $210,430
Cash Available for Renovation: $210,430 (Construction)
Loan Structure: 12 Months Interest Only
Loan Purpose: New Construction
ARV: $285,000
Situation:

Asset Based Lending recently funded a new construction hard money loan in Palm Bay, FL. The borrower is a repeat borrower and experienced real estate investor. The parcel was purchased for $19,000 with a construction budget of $214,812 and total loan funded at 90% LTC. The proposed build will be a single family 3-bedroom, 3-bathroom measured at a total of 2660 ft.² and 2121 ft.² under air. Home will feature a concrete exterior and shingle roof highlighted by granite counters, stainless steel appliances, custom cabinets, and tile flooring.

Construction lenders in Palm Bay FL
Florida hard money loans for construction
hard money lenders in FL
Prequalify For A Hard Money Loan Today
Get Started
Menu