Hard Money New Construction Loan In Poinciana, FL
Address: Poinciana, FL
Borrower Profile: Experienced investor, active ABL borrower
Work Description: New Construction – Single-Family
Purchase Price: $18,000
Renovation Budget: $123,400
Loan Amount: $117,000
Cash Available for Purchase: $7,000
Cash Available for Renovation: $110,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Land Purchase And New Construction
ARV: $190,000
Situation:
Asset Based Lending recently funded a hard money new construction loan for an experienced real estate investor in Poinciana, Florida, offering 82% of total deal cost. The 1,717 square foot floorplan includes 3 bedrooms, 2 bathrooms, a 2-car garage, and an open backyard patio.
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