Asset Based Lending recently funded a hard money new construction loan in Lehigh Acres Florida. This real estate investor is a repeat borrower with ABL and has built several similar projects in the Florida market. The proposed building is a single-story duplex that’s divided down the middle into two units that each have 3-bedroom, 2-bathroom, and 1-car garage measured at 1,176 square feet each. These units will feature mid-grade finishes with a cinder block & stucco façade, hurricane impact windows, eight-foot-high ceilings, tile flooring throughout, and hollow core interior doors. The kitchen will be highlighted by shaker cabinets, granite countertops, and stainless-steel appliances. Bathrooms will feature single vanity and bath & tub combinations. The project is expected to take approximately six months, with final sale occurring shortly after completion.
