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Fix And Flip Loan In Philadelphia PA

Address: Philadelphia, PA
Borrower Profile: Repeat Borrower
Purchase Price: $131,000
Renovation Budget: $110,800
Loan Amount: $205,000
Cash Available for Purchase: $94,200
Cash Available for Renovation: $110,800
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $377,000

Situation:

ABL is glad to have this real estate investor back for his second hard money fix and flip loan with us! This fix and flip project in Philadelphia comes with an extensive rehab component. The scope of work for this $110,000 renovation includes adding approximately 450 square feet through a new 3rd floor and roof deck, new HVAC system, smart home technology, as well as a full gut of the interior finishes throughout. The final home will be an 1,800 square foot 3 bedroom, 2.5 bathroom single family home.