201-942-9089 [email protected]

Easton, Pennsylvania Fix And Flip Loan

Address: Easton, Pennsylvania
Borrower Profile: Repeat Borrower — Experienced Real Estate Investors
Work Description: Fix and Flip — Single Family
Purchase Price: $135,000
Renovation Budget: $87,500
Loan Amount: $200,000
Cash Available for Purchase: $112,500
Cash Available for Renovation: $87,500
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $300,000
Easton Pennsylvania Hard Money Loan
Easton PA Hard Money Loan
Situation:

Asset Based Lending recently funded a hard fix and flip loan in Easton Pennsylvania. The borrower is a fourth time repeat borrower and an experienced real estate investor. The property was a 2-unit multi-family measured at 1,938 square feet total. The property was purchased for $135,000 with a renovation budget of $87,500 and a total loan cost at 89%. Borrower plans on holding the property as an income-producing asset with ABL’s rental refinance program. Renovation of the exterior will include a new roof, new paint, and upgraded electrical and materials. The interior will receive a full remodel in the kitchen and bathroom, with new doors and paint interior. Project is expected to take three to four months.

Pennsylvania Hard Money Loan
Easton PA Fix and Flip
PA Hard Money Loan
Pennsylvania Fix and Flip L:oan