Asset Based Lending recently funded a hard money new construction loan in Naples Florida. This repeat ABL borrower is an experienced real estate investor & builder that focuses on new construction projects throughout Florida. This blanket loan covers the construction of two identical single family homes that are 4-bedroom, 3.5-bathroom and each measured at 3,897 square feet. These homes will be highlighted by luxury finishes and include impact windows from Lawson, 10-foot-high ceilings, porcelain tile floors, and crown molding throughout. Kitchen will feature shaker cabinets, granite countertops, high-end stainless steel appliances, and 12-person kitchen island. Master bathroom will feature standing shower, free standing tub, dual vanity, and unique tiling. Project is expected to take upwards of eight months with final sale occurring shortly after completion.
