Fix And Flip Hard Money Loan In Philadelphia PA
Address: Philadelphia, PA
Purchase Price: $85,000
Renovation Budget: $67,000
Loan Amount: $129,000
Cash Available for Purchase: $62,000
Cash Available for Renovation: $67,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $200,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for a purchase and rehab deal in Philadelphia, PA. The scope of work for this 1,080 square foot single family property is extensive. This experienced investor and former CPA plans on replacing the electrical systems, gutting the bathrooms and kitchen, as well as replacing the floors throughout.
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