One of our consistent BFG clients requested a $269K loan to purchase and rehab a residential property in Philadelphia, PA. After building rapport for the last couple of years, our client trusted our fast, efficient and informative process to get their loan funded in just 6 DAYS! This client has had 8 projects in just the past 2 years, including fix & flips and rental holds.
The Property
- Located in Philadelphia, PA
- 3 Family Residence
- 7 Bedrooms, 7 Bathrooms
The Loan
- Loan Type: Fix & Flip
- Loan Amount: $369,000
- LTC: 90%
- Interest Rate: 10.0%
- Length of Loan: 7 months
- Exit Strategy: Sale