Asset Based Lending recently funded a hard money new construction loan in Cliffside New Jersey. The borrower is an experienced real estate investor and first time borrower with ABL. The current property will be demolished to make room for two identical condos featuring 3-bedrooms, 2.5-bathrooms and measured at a total 3,000 square feet. Due to the scope of work, the borrower was granted a 15-month loan term instead of ABL’s typical 12 months. These condos will be highlighted by high-end finishes, black brick façade, flat fiber cement roof, Anderson windows, solid core doors, and a mix of hardwood and tile flooring. Kitchen will feature three-person island, quartz countertops, modern style cabinets, and black Samsung appliances. Bathrooms will feature tiled walls and high-end vanities, with the master bath including tiled walls and standing tub. Construction is expected to take eight months with final sale occurring shortly after completion.