Situation:

Asset Based Lending recently funded a hard money new construction loan for a repeat borrower and experienced investor in Merrick, New York. The investor is on his 4th deal with ABL, this one a tear-down to the foundation across the street from one of his other projects in Nassau County. The finished home will be a 4 bed / 3 bath 3,085 square foot single family colonial with high-end finishes throughout.