201-942-9089 info@abl1.net

Abington, PA Hard Money Fix And Flip Loan

Address: Abington, PA
Purchase Price: $135,000
Renovation Budget: $57,000
Loan Amount: $162,000
Cash Available for Purchase: $105,000
Cash Available for Renovation: $57,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $265,000
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PA hard money lender for fix and flips

Situation:

Asset Based Lending recently funded a hard money loan for a fix and flip investor in Abington, PA. This experienced real estate investor owns several properties, and is a professional property manager in his full-time career. This 1,360 square-foot 3 bed 1 bath property is in need of extensive renovations. The bathroom and kitchen will be completely gutted, and the roof will need to be updated. In addition, the property will get all fresh paint and finishes and some water damage will be repaired.

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hard money lender in PA