Hard Money Fix & Flip Loan In Souderton, PA
Address: Souderton, PA
Borrower Profile: Experienced Investor, repeat borrower
Work Description: Fix & Flip – Single-Family
Purchase Price: $125,000
Renovation Budget: $175,000
Loan Amount: $255,000
Cash Available for Purchase: $80,000
Cash Available for Renovation: $175,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $365,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan to a repeat borrower in Souderton, Pennsylvania—covering 100% of rehab. This 2,060 square foot single-family property has 4 bedrooms and 2 ½ bathrooms. The scope of work for this property includes kitchen and bathroom renovations, new flooring, new doors, electrical and plumbing upgrades, and various exterior repairs.
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