Situation:

Asset Based Lending recently funded a hard money loan for a repeat borrower and licensed General Contractor in Tampa, Florida. The borrower purchased the land in cash, and plans to build 6 attached 3-story townhouses. Each townhouse will be an identical 4 bed / 4 bath 3,620 sqft single family home with 10 foot ceilings, roof terrace and balcony, and high-end finishes. Each home will have have unique accents and finishes to set it apart from the other units as well smart home capabilities and a 2-car garage. ABL was able to finance this FL hard money loan for new construction at 80% of total cost.