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Hard Money Loan For Land Purchase And New Construction In Fairfield CT

Address: Fairfield, CT
Borrower Profile: Experienced Investor & Builder
Work Description: New Construction - Single Family
Purchase Price: $387,500
Renovation Budget: $450,000
Loan Amount: $647,000
Cash Available for Purchase: $197,000
Cash Available for Renovation: $450,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Land Purchase And New Construction
ARV: $1,045,000
Connecticut hard money lender for New Construction

Situation:

Asset Based Lending is glad to have this repeat borrower and experienced investor back for another deal! This investor is a specialist in his particular region of Connecticut, and has even built more than one house on this particular block! This project involves demolishing the existing home and building a 4,200 sqft 5 bedroom colonial on a half-acre lot. The property be similar to this investor’s prior projects, utilizing high end finishes and moldings throughout.

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