Fix And Flip Loan In Philadelphia Pennsylvania
Address: Philadelphia, PA
Purchase Price: $68,000
Renovation Budget: $32,000
Loan Amount: 80,000
Cash Available for Purchase: $48,000
Cash Available for Renovation: $32,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $195,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for a real estate investor in Philadelphia, Pennsylvania. The plan for this multifamily rowhouse is to complete mainly cosmetic renovations; updating the flooring and painting and well us upgrading the kitchens and bathrooms.
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