Pottstown PA Fix And Flip Hard Money Loan
Address: Pottstown, PA
Purchase Price: $86,500
Renovation Budget: $35,000
Loan Amount: $97,000
Cash Available for Purchase: $62,000
Cash Available for Renovation: $35,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase and Rehabilitation
ARV: $155,000
Situation:
ABL recently funded a fix and flip loan for real estate investors looking to purchase and rehab a single family home in Pottstown Pennsylvania. One of the borrowers owns a construction company, and will use them for the property rehabilitation. The scope of work for this $35,000 renovation includes a new roof, siding, kitchen, bathrooms, flooring, and other cosmetic upgrades.
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