fix and flip investment properties

Case Studies

Prequalify Today
Back to All Case Studies

Bethlehem Pennsylvania Fix And Flip Loan

Address: Bethlehem, PA
Borrower Profile: Repeat Borrower – Full-Time Real Estate Investor
Work Description: Finished Basement & Upgrades – Single-Family Home
Purchase Price: $165,000
Renovation Budget: $72,000
Loan Amount: $201,000
Cash Available for Purchase: $201,000
Cash Available for Renovation: $72,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $310,000
Situation:

Asset Based Lending recently funded a fix and flip loan in Bethlehem Pennsylvania. The borrower is a repeat borrower and full-time real estate investor. The property was purchased for $165,000 with a renovation budget of $72,000 and total loan funded at 85% LTC. This property is a single-family 4-bedroom, 1.5-bathroom measured at 1,615 square feet that will become 4-bedroom, 2-bathroom measured at 2,400 square feet after renovation. Basement will be finished with walls and ceiling that will include the addition of half bath. Renovation will focus on repairing the roof, installing hardwood laminate floors throughout, new electrical fixtures, and fresh coats of paint. Kitchen will receive new countertops, cabinets, tile backsplash, and stainless steel appliances. Bathrooms will receive new vanities and shower enclosures. Renovation is expected to take three months with final sale occurring shortly after completion.

Fix and flip loan Bethlehem Pennsylvania
Hard money fix and flip loan Pennsylvania
Direct hard money lender PA
Fix and flip loans Bethlehem Pennsylvania
Hard money loans Bethlehem Pennsylvania
Fix and flip loan Pennsylvania
Prequalify For A Hard Money Loan Today
Get Started