Fix And Flip In Abington PA Funded By Hard Money Lender

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Address: Abington, PA

Borrower Profile: Experienced Investor

Purchase Price: $135,000

Renovation Budget: $57,000

Loan Amount: $162,000

Cash Available for Purchase: $105,000

Cash Available for Renovation: $57,000

Loan Structure: 12 Months Interest Only

Loan Purpose: Property Purchase And Rehabilitation

ARV: $165,000

Sale Price: $319,000

Exterior – Before

Exterior – After

Situation:

Asset Based Lending funded a hard money loan for an experienced fix and flip investor and senior manager at the Philadelphia Housing Authority. The scope of work for this 1,360 square foot house is extensive and includes a full gut of the kitchen and bathroom, updated flooring throughout, and water damage repairs. The investor will also replace light fixtures throughout the property. With this investor’s experience and track record, we’re sure the finished home will be impressive!

Outcome: