Philadelphia PA Hard Money Loan Fix And Flip
Address: Philadelphia, PA
Purchase Price: $110,000
Renovation Budget: $65,000
Loan Amount: $145,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $230,000
Situation:
The borrower is a foreign national and a repeat borrower, on his third simultaneous deal with Asset Based Lending. The scope of work includes replacing the entire kitchen, demolishing and rebuilding two bedrooms, cosmetic enhancements to the exterior of the property, new windows, and new flooring throughout.
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