Situation:

Asset Based Lending if proud to welcome back this repeat borrower and very experienced builder in St Petersburg Florida. The hard money loan is for the land purchase and new construction of a 2926 square foot 5-bed 2-bath single family home. The project is routine for this builder, having already built the same model house down the block from this one. The investor plans to have the construction done in under 3 months, and has already pre-sold the home.