Asset Based Lending recently funded a hard money new construction loan in Scotch Plains New Jersey. This long-time repeat borrower with ABL is a highly experienced builder and developer in the NJ area, with this project marking their 35th deal with us. The proposed build is for the demolition of an existing home to construction two identical single-family homes on the newly sub-divided lot. These homes will be 4-bedroom, 3.5-bathroom measured at 2,400 square feet. The builds will be highlighted by mid-to-high end finishes, stone veneer and vinyl facade, Anderson double hung windows, nine-foot-high ceilings, solid core doors, and hardwood floors throughout. Kitchen will feature an island, quartz countertops, wood cabinets, and tile backsplash. Master bathroom will feature dual vanities, enclosed shower, and separate soaking tub. Project will either be pre-sold or sold shortly after completion.
