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Beach Haven New Jersey New Construction Loan

Address: Beach Haven, NJ
Borrower Profile: Repeat Borrower — Full-Time Real Estate Investor
Work Description: Demo & New Construction — Single-Family
Purchase Price: $435,000
Renovation Budget: $680,860 (Construction)
Loan Amount: $945,000
Cash Available for Purchase: $264,140
Cash Available for Renovation: $680,860 (Construction)
Loan Structure: 12 months interest only
Loan Purpose: Land Purchase & Property New Construction
ARV: $1,350,000
NJ new construction loans
Hard money new construction loan
Situation:

Asset Based Lending recently funded a hard money new construction loan in Beach Haven NJ. The borrower is a repeat borrower and full-time real estate investor. The proposed build is for a single family 5-bedroom, 4.5-bathroom measured at a total 2,300 square feet. The property will be highlighted by high-end finishes, cedar impression siding, Anderson 400 windows, nine-foot-high ceilings, LVP floors throughout, solid-core doors, crown molding, and outdoor pool. Kitchen will feature Thermador appliances, high-end custom cabinets, and quartz countertops. Bathrooms will feature all unique tile work, tiled showers, enclosed showers, and the master bath will include a double vanity with custom paint. Construction is expected to take eight months with final sale likely occurring before project completion.

Direct hard money lender New Jersey
New construction loans NJ