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Pottstown PA Cash Out Hard Money Loan

Address: Pottstown, PA
Borrower Profile: Repeat Borrower & Experienced Investor
Loan Amount: $84,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Cash Out
ARV: $120,000 (As-Is)
Situation:

Asset Based Lending recently funded a hard money cash out loan in Pottstown PA. The borrower is a first-time borrower and full-time builder. The as-is value of the property is $120,000, allowing them to pull $84,000 cash out at 70% LTV. The borrower will use this new capital to acquire their next real estate investment property.

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