Philadelphia PA Fix And Flip Hard Money Loan
Address: Philadelphia, PA
Purchase Price: $91,000
Renovation Budget: $40,000
Loan Amount: $105,000
Cash Available for Purchase: $65,000
Cash Available for Renovation: $40,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $190,000
Situation:
Asset Based Lending recently funded a hard money fix and flip loan for an attached single family property in Philadelphia, PA. The borrower found this deal through a wholesaler, and came to ABL by way of a hard money loan broker. The rehab for this project is expected to take 4 months to complete, and we can’t wait to see the finished product!
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