Philadelphia Pennsylvania Fix & Flip Loan
Address: Philadelphia, PA
Borrower Profile: Experienced investor & repeat borrower
Purchase Price: $452,000
Renovation Budget: $150,000
Loan Amount: $511,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $790,000
Situation:
This is the fourth hard money loan Asset Based Lending has funded for this repeat borrower in the Philadelphia area. The scope of work includes adding a third floor to the existing two-story row house, as well as one new bedroom and one and a half additional bathrooms. The investor estimates the project will take three months to complete.
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