Asset Based Lending recently funded a fix and flip hard money loan in Pittsburg, Pennsylvania for a repeat borrower and experienced real estate investor. This property was purchased for $146,00 with a loan amount of $253,000. The scope of work for this 1,970 square foot home will become a 4-bedroom 2.5 bathroom. The exterior will include paint, new landscaping, minor repairs to the front porch, new garage door, and repair of the roof. The interior will receive new doors, paint throughout, and new flooring. The kitchen will be opened up by removing a wall and have white shaker cabinets with an island, granite counters, and stainless-steel appliances. The bathroom will have all new toilets, tubs, and vanities. The borrower plans to complete the project in 4-6 months and sell within 2-3 months.
