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
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.
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