Hard Money Loan For New Construction In St Petersburg Florida
Address: St Petersburg, FL
Borrower Profile: Experienced Investor & Builder
Purchase Price: $95,000
Renovation Budget: $280,000
Loan Amount: $300,000
Cash Available for Purchase: $20,000
Cash Available for Renovation: $280,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Land Purchase And New Construction
ARV: $500,000
Situation:
Asset Based Lending is thrilled to have this repeat borrower and experienced builder back for another hard money construction loan in St Petersburg, Florida. The finished build will be a 2,700 square foot 5-bedroom 3-bathroom single family home. With his track record, we can’t wait to see the finished project!
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