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Hard Money Fix & Flip Loan In Philadelphia PA

Address: Philadelphia, PA
Borrower Profile: Experienced Investors & Real Estate Agent
Work Description: Fix & Flip - Single Family
Purchase Price: $126,000
Renovation Budget: $55,000
Loan Amount: $161,000
Cash Available for Purchase: $106,000
Cash Available for Renovation: $55,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $260,000
Philadelphia hard money lender

Situation:

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and renovation of a single-family home in Philadelphia, PA. The 1,100 square foot single-family property has a 3 bed/ 1 bath layout. The $55,000 scope of work for renovations includes a gutting the kitchen, updating appliances and air ducts, and other cosmetic upgrades.

Fix and flip lender in PA
Philadelphia hard money fix and flip lender
Hard money loans in Philadelphia PA