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Hard Money Fix and Flip Loan in Allentown, Pennsylvania

Address: Allentown, PA
Borrower Profile: Experienced Investor
Work Description: 2 Property Blanket - Multi Family Gut Rehab
Purchase Price: $230,000
Renovation Budget: $210,000
Loan Amount: $374,000 (2 Property Blanket)
Cash Available for Purchase: $164,000 (Total)
Cash Available for Renovation: $210,000 (Total)
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $621,000
Allentown PA fix and flip loan
PA fix and flip loans in Allentown

Situation:

This investor has done over ten deals in the past two years, so we are sure he will tackle this three-unit, 5-bedroom, 3-bath multi-family fix and flip with ease. In fact, this investor is actually flipping a couple different multi-family properties on the same block simultaneously with a multi property blanket loan from ABL! He is planning for a major rehab of the original properties with a renovation budget that’s only $20,000 less than the original purchase price. He is going to replace interior doors, tile kitchens and bathrooms, install bathroom fixtures and kitchen cabinets and counters, and re-paint the interiors, among other renovations. We can’t wait to see how he transforms the Allentown neighborhood he is working in!

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Allentown PA fix and flip lender