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Hard Money Fix And Flip Loan In Pottstown PA

Address: Pottstown, PA
Purchase Price: $85,000
Renovation Budget: $35,000
Loan Amount: $95,000
Cash Available for Purchase: $60,000
Cash Available for Renovation: $35,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $170,000

Situation:

Asset Based Lending recently funded a $95,000 hard money loan for the purchase and rehab of a property in Pottstown, PA. These experienced investors definitely have their work cut out for them with this fix and flip project! The first phase of this project includes a partial demolition, followed by the next phase which includes a complete renovation of the kitchen, where new cabinets and countertops will be installed, as well as a renovation of each bathroom, where new bathtubs, showers, sinks and toilets will be installed. Brand new electrical and HVAC systems will be installed and new flooring and paint will be added throughout the property! We can’t wait to see the finished product!