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Philadelphia PA Fix And Flip Loan

Address: Philadelphia, PA
Borrower Profile: Professional investors
Purchase Price: $75,000
Renovation Budget: $150,000
Loan Amount: $185,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $380,000
Recently funded hard money loan in philadelphia

Situation:

Asset Based Lending originated this hard money loan for the purchase and rehab of a single family home in Philadelphia Pennsylvania. The borrowers are professional investors, having completed 8 similar projects in the last 18 months. The property is adjacent to a 3 story house, so the borrowers similarly plan to expand their house to 3 stories in order to increase square footage and the ultimate value of the property.

Philadelphia fix and flip loan funded by Asset Based Lending
Fix and flip loan funded by private hard money lender in PA
inside picture of house before remodeling funded by abl