Asset Based Lending recently funded a hard money new construction loan in Palm Coast Florida. The borrower is a repeat borrower and full-time real estate investor. This blanket loan is for the proposed builds of three identical single-family homes with 4-bedrooms, 2.5-bathrooms measured at a total of 2,062 square feet each. The homes will be highlighted by a mix of mid- and high-level finishes, 9-foot-high ceilings, LVP flooring throughout, solid core doors, and 30-year architectural shingle roof. Kitchens will feature wood cabinets, quartz countertops, and stainless steel appliances. Bathrooms will feature porcelain tubs, dual vanities, and an enclosed shower in the master bath. Project is expected to take approximately eight months with final sales occurring shortly after each individual home is completed.
