Atlanta Georgia Hard Money New Construction Loan
Asset Based Lending recently funded a hard money new construction loan in Atlanta Georgia. The borrower is a first-time borrower and newer real estate investor. The proposed build is for a Colonial single-family 5-bedroom, 4.5-bathroom measured at 3,357 square feet. The borrower’s goal is to have the home be obvious that it was “designed by a woman” with thoughtful, time-saving features such as the pantry cubby being attached to the garage so bulk items can be loaded directly into the house from the car, as well as a laundry room accessed directly from the master suit’s walk-in closet. The home will feature luxury finishes and have a modern feel including double hung black windows, nine-foot-high ceilings, solid core doors, and finished basement. Other highlights will include designated media room, covered deck, wet bar, and large master suite. Construction is expected to take up to eight months with final sale occurring shortly after completion.