201-942-9089 info@abl1.net

Plymouth Meeting PA Fix And Flip Loan Funded By Hard Money Lender

Address: Plymouth Meeting, PA
Purchase Price: $180,000
Renovation Budget: $112,000
Loan Amount: $248,000
Cash Available for Purchase: $136,000
Cash Available for Renovation: $112,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $415,000

Situation:

Asset Based Lending recently funded a hard money loan for a repeat borrower investing in a fix and flip project in Plymouth Meeting, PA. The project is a full gut renovation; adding an addition 450 square feet. The new floor plan will convert one of the downstairs bedrooms to a dining room in addition to adding a new bathroom and upstairs bedroom. The investor will also completely gut the kitchen and bathrooms, replace all the windows, and apply new paint throughout.