Situation:

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and rehab of a 1,064 square-foot single family condo in West Chester, PA. The property hasn’t been updated in 40 years, so the scope of work for renovations includes a full gut of the kitchen and bathrooms, new carpeting and flooring throughout, and updating lighting fixtures. Exterior and other updates will be handled by the HOA.