Philadelphia Fix And Flip Hard Money Loan
Address: Philadelphia, PA
Borrower Profile: Experienced Investor & Trained Engineer
Purchase Price: $65,000
Renovation Budget: $50,000
Loan Amount: $95,000
Cash Available for Purchase: $45,000
Cash Available for Renovation: $50,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $165,000
Situation:
Asset Based Lending recently funded a fix and flip hard money loan for a repeat borrower in Philadelphia, PA. The attached single family property was found off-market through a realtor, and the majority of the renovation budget will go toward the kitchen, bathroom, and HVAC.
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