Pennsylvania Hard Money Loan For Fix And Flip
Address: Fairless Hills, PA
Borrower Profile: First Time Investor
Work Description: Fix & Flip - Single Family
Purchase Price: $200,000
Renovation Budget: $55,000
Loan Amount: $204,000
Cash Available for Purchase: $149,000
Cash Available for Renovation: $55,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $315,000
Situation:
For their first fix and flip, this husband and wife investor team came to Asset Based Lending for a hard money loan for the purchase and rehab of a single family home in Fairless Hills, PA. The $55,000 rehab is expected to take 60 days, and includes expanding the master bed and bath, adding a new bathroom, gutting the kitchen, and renovating the flooring and siding throughout.
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