Asset Based Lending recently funded a hard money new construction loan in Knoxville Tennessee. The borrower is a first-time borrower and experienced real estate investor. The proposed build is for four identical single-family homes with 3-bedrooms, 2-bathrooms measured at a total of 1,158 square feet each. The homes will be highlighted by mid-level finishes, double hung windows, nine-foot-high ceilings, solid core doors, LVP floors throughout, and crown moldings. Kitchen will be highlighted by two-person island, granite countertops, white shaker cabinets, and stainless steel appliances. Construction is expected to take up to six months with final sale occurring shortly after completion.
