Situation:

This experienced real estate investor found Asset Based Lending through his mortgage broker, and came to us after purchasing the property in cash seeking a hard money loan for cash out and new construction. With a $400,000 total construction budget, this 1,500 sqft single family home is being gutted down to the studs, rebuilt, and expanded for the high-end local demand. The finished property will be a beautiful 4,600 sqft 4 bedroom 3.5 bathroom home with high-end finishes and a finished basement.

Outcome: