Updated over 5 years ago on . Most recent reply
Philadelphia Flip Hard Money Question
So I’m in the Philadelphia, PA market and have a property I’m partnering on yet the loan amount would be under $75,000; are there lenders who lend on these type of deals in the area or should I look for something else?
Numbers are as followed:
Purchase price: $20,500
Rehab: $50,000 (contractors estimate)
ARV: $96,000 (conservative)- $110,000