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Philadelphia Pennsylvania Fix & Flip Loan

Address: Philadelphia, PA
Borrower Profile: Experienced investor & repeat borrower
Purchase Price: $452,000
Renovation Budget: $150,000
Loan Amount: $511,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $790,000
Recently funded hard money loan in philadelphia

Situation:

This is the fourth hard money loan Asset Based Lending has funded for this repeat borrower in the Philadelphia area. The scope of work includes adding a third floor to the existing two-story row house, as well as one new bedroom and one and a half additional bathrooms. The investor estimates the project will take three months to complete.

Bathroom before renovations funded by hard money lender in philadelphia
phili home fix and flipped pictures
Bathroom before renovations funded by hard money lender in philadelphia
Kitchen renovations funded by Philadelphia hard money lender