Asset Based Lending recently funded a new construction project for a repeat borrower and experienced real estate developer in Centereach New York. This borrower has completed multiple ground up construction projects using the same architectural plans as this property. The scope of work for this project includes an open concept kitchen and living space on the first floor, and a mudroom where you enter the 2-car garage. The second floor features the primary suite as well as two more bedrooms. Plans for the kitchen include shaker cabinets, granite countertops, stainless steel appliances, and an island that seats 3. This borrower already has a buyer lined up, and once construction is complete, they will finalize the sale.
