Asset Based Lending recently funded a hard money fix and flip loan in Bethlehem, PA for a first-time borrower and real estate investor. This 1,713 square foot home was purchased for $190,000 with a renovation budget of $30,000. The scope of work for the exterior of this project will include the installation of electricity in the shed in the backyard. The interior will receive paint throughout and refinished hardwood floors. The kitchen will also include new cabinets, Formica counters, stainless-steel appliances, with the removal of existing wallpaper and drop ceiling. The tub and tile in the bathroom will be removed and standing showers, new sinks, and vanities will be added. The timeline for rehabilitation is 1-2 months and the borrower plans to refinance the project after completion.
