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Hard Money Loan For Fix And Flip In Bucks County PA

Address: Feasterville Trevose, PA
Borrower Profile: Repeat Borrower & Fortune Builders Graduates
Work Description: Gut Renovation - Single Family
Purchase Price: $130,000
Renovation Budget: $110,000
Loan Amount: $204,000
Cash Available for Purchase: $94,000
Cash Available for Renovation: $110,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $320,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan in Feasterville Trevose PA for a repeat borrower we met at a local Real Estate Investor Association meeting. The subject property is a 1344 square foot 3 bedroom / 2.5 bathroom single family house in need of approximately $110,000 in renovation. The scope of work is extensive and includes adding a second floor with 3 new bedrooms and a new bathroom, engineered hardwood floors throughout, and all new siding, windows, and roofing. This is a substantial project, but we believe this husband and wife team of Fortune Builders graduates is up for the challenge!

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