201-942-9089 info@abl1.net

Philadelphia PA Fix And Flip Hard Money Loan

Address: Philadelphia, PA
Borrower Profile: Experienced Investor
Purchase Price: $200,000
Renovation Budget: $90,000
Loan Amount: $240,000
Cash Available for Purchase: $150,000
Cash Available for Renovation: $90,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $370,000

Situation:

With a $90,000 rehab budget, this Philly fix and flip investor has his work cut out for him. He’s keeping costs low by maintaining some of the more expensive parts of the property, like the water heater, the newer PVC piping, and some doors and windows. When he’s finished, the house will have a new powder room, oak cabinets, and granite countertops. He will also remove the wall between the living room and kitchen to create an open floor plan and install new, bigger staircases. That’s one major makeover!