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Ground-Up Construction -
Bensalem, PA (
$435,000)
Advest Financial announced its private lending fund, the Advest Short Duration Real Estate Fund I, has provided a $435,000 ground-up construction loan in Bensalem, Pennsylvania.
For this deal, Advest funded the land purchase and 100% of the construction costs. Advest is working with the borrower's projected timetable and will quickly release construction draws. The borrower is an experienced home builder and has a proven track record of success. The finished project will be a 2,000 square foot single-family home with a 3-car garage and high-end finishes throughout.