Hard Money Loan In Baltimore For Property Renovation Only
Address: Baltimore, MD
Purchase Price: $13,000
Renovation Budget: $130,000
Loan Amount: $114,000
Cash Available for Purchase: $0
Cash Available for Renovation: $114,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Rehabilitation Only
ARV: $202,000
Situation:
Asset Based Lending recently funded a hard money loan for a property rehab in Baltimore, Maryland. The borrower is applying for a Baltimore City tax credit for historic rehabilitation and restorations through the CHAP program, and we can’t wait to see how the $130,000 renovation budget turns out!
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