Hard Money Fix and Flip Loan In Plymouth Meeting, Pennsylvania
Address: Plymouth Meeting, PA
Borrower Profile: Experienced Investor
Purchase Price: $142,000
Renovation Budget: $141,700
Loan Amount: $240,000
Cash Available for Purchase: $98,830
Cash Available for Renovation: $141,700
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $380,000
Situation:
This experienced investor came to ABL seeking a fix and flip hard money loan for an investment property in Plymouth Meeting, PA. This borrower has good local area knowledge and secured this fixer upper as a short sale. The finished home will include 5 bedrooms and 3 bathrooms. Featuring an open floor plan throughout, the first level will have all new hardwood floors. The investor plans to renovate all bathrooms and update the kitchen as well. With a new HVAC system and an all new electric panel and wiring, this home will be like new for its future owner. ABL can’t wait to see the final product. We wish our borrower the best of look during the renovation phase of his project!
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