Hard Money Fix and Flip Loan in Philadelphia
Address: Philadelphia, PA
Borrower Profile: Experienced Investing Team
Work Description: Fix and Flip - Single Family
Purchase Price: $145,000
Renovation Budget: $136,300
Loan Amount: $238,000
Cash Available for Purchase: $104,000
Cash Available for Renovation: $136,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $385,000
Situation:
One half of this investing team has been in real estate for 10 years and the other half has been a full-time real estate investor for 20 years. The pair will work with a highly experienced project manager and architect who will supervise all design and construction decisions. With their $136k rehab, they will demolish the interior walls and stairwells, add a roof deck, install hardwood floors throughout, put in a new kitchen and two full and two half baths, and replace windows and doors. Keep up with our case studies to see the transformation!
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