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Nashville Tennessee Hard Money New Construction Loan

Address: Nashville, Tennessee
Borrower Profile: First Time Borrower — Experienced Real Estate Investor
Work Description: New Construction — Single Family
Purchase Price: $133,000
Renovation Budget: $250,000 (Construction)
Loan Amount: $284,000
Cash Available for Purchase: $250,000
Cash Available for Renovation: $250,000 (Construction)
Loan Structure: 12 months interest only
Loan Purpose: Cash Out & Property New Construction
ARV: $460,000
Nashville New Construction Loan
Tennessee Hard Money Lender
Situation:

­Asset Based Lending recently funded a new construction single family project in Nashville Tennessee for a first time borrower and experienced real estate investor. This borrower is a general contractor and has completed upwards of ten projects in the last three years. This single family home will have two bedrooms and two and a half bathrooms. The primary suite will have an ensuite bathroom featuring a walk-in shower and double vanity. The kitchen will have modern shaker cabinets, quartz countertops and stainless-steel appliances. Nashville has experienced an influx of people relocating to this city due to the growing job market, which has created a heightened demand for new housing. This new construction project is expected to be complete in approximately six months at which time these investors will list this property for sale.

Nashville Hard Money Lender
Tennessee Real Estate Investing