Multi-Unit in Philadelphia

In late 2014, YC Funding closed a $235,000 hard money loan for a multi-unit fix & flip project in Philadelphia, PA. The purchase price was $119000. The Borrower plans to complete the rehab and flip back onto the market for $360000, so the loan-to-value is 65%. The loan term is 1 year. The loan was made to a seasoned borrowers who have completed 25-30 flips in the Philadelphia area in the last 5 years.

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