Asset Based Lending recently funded a hard money new construction loan in Crestview Florida. The borrower is a repeat borrower and full time real estate investor. This loan covers the proposed builds of eight identical single family homes that will be 3-bedroom, 2-bathroom measured at 1,631 square feet. The properties will feature mid-grade finishes, Hardie board facade, shingle roof, 9-foot-high ceilings, hollow core doors, and high-end LVP flooring. Kitchen will be highlighted by Euro-style cabinets, quartz or granite countertops, large sinks, stainless steel appliances, and modern fixtures. Bathrooms will feature glass enclosure showers, unique wall tiles, and fancy shower heads. Project is expected to take six months with final sale occurring shortly after completion.
