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Hard Money Fix And Flip Loan In Coatsville PA

Address: Coatsville, PA
Borrower Profile: Repeat Borrower & Experienced Investor
Work Description: Fix & Flip - 3 Properties
Purchase Price: $330,000
Renovation Budget: $100,154
Loan Amount: $361,000
Cash Available for Purchase: $260,846
Cash Available for Renovation: $100,154
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $590,000
Situation:

Asset Based Lending recently financed a blanket hard money fix and flip loan for the purchase and rehab of 3 separate properties in Coatsville, Pennsylvania. The portfolio consists of a single family home as well as 2 multi-family properties on the same street. The $100,000 renovation across the portfolio is expected to take 3-5 months to complete. In addition to a couple new footings for one of the properties, the scope of work for renovation consists of new sheetrock and flooring throughout, all fresh paint, and gutting the kitchens and bathrooms.

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