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Alpharetta Georgia New Construction Loan

Address: Alpharetta, GA
Borrower Profile: Repeat Borrower — Experienced Real Estate Investor
Work Description: New Construction — Three Single-Family Builds
Purchase Price: $550,000
Renovation Budget: $1,200,000 (Construction)
Loan Amount: $1,575,000
Cash Available for Purchase: $375,000
Cash Available for Renovation: $1,200,000 (Construction)
Loan Structure: 12 months interest only
Loan Purpose: Land Purchase & Property New Construction
ARV: $2,430,000
Alpharetta GA new construction loan
Direct hard money lender GA
Situation:

Asset Based Lending recently funded a hard money new construction loan in Alpharetta Georgia. The borrower is a repeat borrower and experienced real estate investor. The property was purchased for $550,000 with a construction budget of $1,200,000 and total loan funded at 90%. The proposed build is for three identical single-family homes that are each 4-bedroom, 3-bathroom measured at 2,200 square feet. Highlights will include high-end finishes, hardy plank facade, vinyl double-hung windows, hardwood and carpeted floors, crown molding, and hollow-core interior doors. Kitchens will feature quartz countertops, MDF cabinets, and high-end stainless steel appliances. Bathrooms will feature wall tile and quartz vanities. Construction is expected to take between six and nine months with final sale occurring shortly after completion.

Alpharetta GA direct hard money lender
Hard money new construction loans
Private hard money lending Georgia
Georgia new construction loans