201-942-9089 info@abl1.net

Yardley Pennsylvania Fix And Flip Loan

Address: Yardley, PA
Borrower Profile: Repeat Borrower — Experienced Real Estate Investor
Work Description: Fix And Flip — Gut Renovation
Purchase Price: $425,000
Renovation Budget: $100,585
Loan Amount: $448,000
Cash Available for Purchase: $347,415
Cash Available for Renovation: $100,585
Loan Structure: 12 months interest only
Loan Purpose: Property Purchase & Rehabilitation
ARV: $665,000
Situation:

Asset Based Lending recently funded a hard money fix and flip loan in Yardley Pennsylvania. The borrower is a repeat borrower and experienced real estate investor. The property is a single-family 3-bedroom, 1.5-bathroom measured at 1,560 square feet. This gut renovation will see the addition of a new bathroom, bringing it to 2.5 bathrooms, as well as full kitchen renovation and updates to the electric and plumbing. The kitchen will receive quartz countertops, mid-range stainless steel appliances, and will have a wall removed to connect directly to the dining room. Cosmetic updates will include fresh paint, refinish hardwood floors, and replacing the exterior siding and roof. Project is expected to take three months with final sale occurring shortly after completion.