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Fix And Flip In Philadelphia PA Funded By Hard Money Lender

Address: Philadelphia, PA
Borrower Profile: General Contractor & Master Carpenter
Work Description: Gut Renovation Of Single Family Property
Purchase Price: $115,000
Renovation Budget: $85,000
Loan Amount: $105,000
Cash Available for Purchase: $20,000
Cash Available for Renovation: $85,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $253,000
Philadelphia PA hard money lender
Hard money lender Philadelphia

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!

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Hard money loans PA
PA hard money lender
Hard money lender Philadelphia