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Bethlehem, Pennsylvania Fix And Flip Loan

Address: Bethlehem, Pennsylvania
Borrower Profile: Repeat Borrower — Experienced Real Estate Investor
Work Description: Fix and Flip — Single Family
Purchase Price: $221,550
Renovation Budget: $60,000
Loan Amount: $239,000
Cash Available for Purchase: $179,000
Cash Available for Renovation: $60,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $385,000
Pennsylvania Hard Money Fix and Flip
Hard Money Loan in Bethlehem Pennsylvania
Situation:

Asset Based Lending recently funded a hard money fix and flip property in Bethlehem, Pennsylvania with a repeat borrower and an experienced real estate investor. The property is a single-family home that was purchased for $221,550 with a loan amount of $239,000 and a construction budget of $60,000. The property is 2,282 square feet, with four bedrooms and two bathrooms. The scope of work for the exterior includes a power wash, scrape and paint house, backyard clean up, and four new exterior doors. The upstairs kitchen will be converted into a laundry room and the flooring will be refinished. The main kitchen will be gutted with new cabinets, counters, and Samsung appliances. The timeline of this project is 4-6 months and the investor plans to sell the property at the end of the 12-month loan.

PA Hard Money Loan
Bethlehem Pennsylvania Fix and Flip
PA Fix and Flip Loan
Fix and Flip Loan Bethlehem PA