Hard Money New Construction Loan In Palm Beach Gardens FL
Address: Palm Beach Gardens, FL
Borrower Profile: Experienced Investor & Builder
Purchase Price: $192,000
Renovation Budget: $458,000
Loan Amount: $480,000
Cash Available for Purchase: $22,000 (Cash Out)
Cash Available for Renovation: $458,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Cash Out And New Construction
ARV: $800,000
Situation:
After buying the land for cash, this investor came to Asset Based Lending for a hard money new construction loan to finance the build of a 5,000 sqft 4 bedroom single family property. The plans include impact glass, hurricane proof roofing, high end finishes in the kitchen and throughout the property, as well as high efficiency systems and a 3-car garage.
Get Started
