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Hard Money Fix & Flip Loan In Philadelphia PA

Address: Philadelphia, PA
Borrower Profile: Experienced Investors & Real Estate Agent
Work Description: Fix & Flip - Single Family
Purchase Price: $126,000
Renovation Budget: $55,000
Loan Amount: $161,000
Cash Available for Purchase: $106,000
Cash Available for Renovation: $55,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $260,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan for the purchase and renovation of a single-family home in Philadelphia, PA. The 1,100 square foot single-family property has a 3 bed/ 1 bath layout. The $55,000 scope of work for renovations includes a gutting the kitchen, updating appliances and air ducts, and other cosmetic upgrades.

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