Philadelphia Cash Out Refinance & New Construction Hard Money Loan
Address: Philadelphia, PA
Work Description: Tear Down & New Build
Purchase Price: $50,000
Renovation Budget: $185,000
Loan Amount: $225,000
Loan Structure: 12 months interest only
Loan Purpose: Cash Out Refi & New Construction
ARV: $395,000
Situation:
This borrower has completed several deals with ABL, and is back for another investment following the same guidelines as his previous deals. ABL financed a hard money loan for Cash Out & New Construction of a 3 story build in the Point Breeze neighborhood of Philadelphia.
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