Hard Money Fix And Flip Loan In Cheltenham, PA
Address: Cheltenham, PA
Borrower Profile: Repeat Borrower
Purchase Price: $90,000
Renovation Budget: $50,000
Loan Amount: $119,000
Cash Available for Purchase: $69,000
Cash Available for Renovation: $50,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $188,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for a repeat borrower buying an attached single family property in Montgomery County, PA. The scope of work for this $50,000 renovation includes some interior demolition, adding a new half bathroom, new paint throughout, updating the bathrooms, and new hardwood flooring.
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