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Hard Money Fix And Flip Loan In Bristol PA

Address: Bristol, PA
Borrower Profile: New Borrower
Work Description: Fix & Flip - Single Family
Purchase Price: $102,500
Renovation Budget: $90,500
Loan Amount: $153,000
Cash Available for Purchase: $52,555
Cash Available for Renovation: $90,500
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $240,000
Situation:

Asset Based Lending recently financed a hard money fix and flip loan for a team of Fortune Builders educated investors starting a project in Bristol, PA. Found through a wholesaler, the subject property is a 1,198 square foot single family cape with 4 bedrooms and 1 bathroom in an area with low inventory. The $90,000 scope of work for renovations includes installing solar panels, replacing siding and windows, installing central air, gutting the kitchen and bathroom, as well and installing new lighting and floors throughout.

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