Situation:

This borrower, an experienced real estate investor in Florida, came to Asset Based Lending for a cash out and new construction hard money loan for a project in West Park Florida. The finished project will be a 2,000 square foot single family home with 3 bedrooms, 2 bathrooms, and a 1 car garage. This investor has developed a style for these properties that sell quickly in the local market, incorporating contemporary design, high efficiency appliances and unique designs in the kitchen and bathrooms.