Pennsylvania Fix And Flip Hard Money Loan
Address: Lansdale, PA
Borrower Profile: Experienced Real Estate Developer
Purchase Price: $142,000
Renovation Budget: $85,000
Loan Amount: $192,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $320,000
Situation:
ABL recently funded a hard money fix and flip loan for a single family property in Lansdale, Pennsylvania. The borrower has completed several similar projects in the last couple of years, and expects the renovations to be completed in 3 months. The scope of work for renovations is fairly extensive, and includes overhauling the kitchens and bathrooms.
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