Situation:

Asset Based Lending recently funded a hard money construction loan for a repeat borrower and experienced builder in Fairfield, Connecticut. This property was purchased out of a distressed situation, and the plan is to repeat a similar build that the investor has already completed and sold. The finished home will be a 5 bed, 4.5 bath single family property with 4,200 square feet of living space. All finishes will be in the mid-upper range, and the borrower estimated the build will take approximately 5 months.