Asset Based Lending recently funded a hard money new construction loan in Jersey City NJ. The borrower is a repeat borrower and full-time real estate investor. The proposed build is for a three-unit condo with one unit being 3-bedroom, 2-bathroom at 1,560 square feet and the other two units being 4-bedroom, 3-bathroom at 2,210 square feet each. Property will be highlighted by high-end finishes, mix of vinyl and stone façade, rooftop balcony, Anderson 400 windows, nine-foot-high ceilings, white oak hardwood floors, and hollow core doors. Kitchen will feature quartz countertops, connected four-person island, and Samsung appliances. Construction is expected to take 10 months with final sale occurring shortly after completion.
