Hard Money Loan in Philadelphia
Address: Philadelphia, PA
Borrower Profile: Experienced Investor
Work Description: Fix & Flip - 2 units
Purchase Price: $50,000
Renovation Budget: $45,000
Loan Amount: $75,000
Cash Available for Purchase: $30,000
Cash Available for Renovation: $45,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix and Flip Loan
ARV: $255,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for the purchase and renovation of a multi-family home in Philadelphia, Pennsylvania—offering 100% of rehab. The scope of work for this 1,470 square foot property includes cosmetic upgrades, a new roof, and new windows.
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