Situation:

Asset Based Lending recently funded a hard money construction loan for an experienced investor and repeat borrower in Cape Coral, Florida. The subject build will be a 3/3/2 located on the canal with a great room and a study. The property will have a total of 3390 sq ft with approximately 2377 sq ft under air.  This lot was purchased for $70K cash less than a year ago, and will take about $300,000 to build.