201-942-9089 info@abl1.net

Fix And Flip In Abington PA Funded By Hard Money Lender

Address: Abington, PA
Borrower Profile: Experienced Investor
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: Property Purchase And Rehabilitation
ARV: $165,000
Sale Price: $319,000
Exterior – Before
Exterior – After

Situation:

Asset Based Lending funded a hard money loan for an experienced fix and flip investor and senior manager at the Philadelphia Housing Authority. The scope of work for this 1,360 square foot house is extensive and includes a full gut of the kitchen and bathroom, updated flooring throughout, and water damage repairs. The investor will also replace light fixtures throughout the property. With this investor’s experience and track record, we’re sure the finished home will be impressive!

Outcome:

Kitchen – Before
Bathroom – Before
Kitchen – After
Bathroom – After