Situation:

This property needs a lot of work! Asset Based Lending recently funded this hard money fix and flip loan for a repeat borrower in Philadelphia, PA taking on a gut rehab project. The investor is a licensed general contractor and master carpenter with 30 years of experience. He’s going to be putting all of those skills to work during this $85,000 renovation project. The scope of work is essentially a gut to the studs; opening the floor plan, finishing he basement, adding HVAC, new electric and plumbing, all new kitchen and bathrooms, and more! We can’t wait to see the finished fix and flip!