Fix and Flip in Sharon Hill Pennsylvania
Address: Sharon Hill, PA
Purchase Price: Owned free and clear
Renovation Budget: $85,000
Loan Amount: $115,000
Cash Available for Purchase:
Cash Available for Renovation:
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $275,000
Situation:
This investor approached ABL looking to rehab a property in Sharon Hill PA that was gifted to him several years ago by a loved one. Once the rehab is complete, the units will become Veteran housing where the VA will begin placing veterans in need of a place to live. The exit strategy is to refinance out of the loan with a conventional lender once the renovations are complete.
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