Philadelphia Pennsylvania Fix And Flip
Address: Philadelphia, PA
Purchase Price: $89,900
Renovation Budget: $60,000
Loan Amount: $127,000
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase And Rehabilitation
ARV: $205,000
Situation:
This experienced investor and full time commercial pilot enlisted ABL for a hard money loan in order to fund his fix and flip project in the Germantown section of Philadelphia. Upon completion, the borrower plans to refinance the hard money loan and hold the property for rental income.
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