CASE STUDY | NEW CONSTRUCTION

BEFORE

AFTER

case study new construction

DEAL SUMMARY

BORROWER PROFILE: Borrower is an experience builder and developer in the Philadelphia area. He owns a large masonry and framing company. He is a repeat borrower of Alpha Funding Solutions.

CITY: Philadelphia

STATE: Pennsylvania

PROPERTY TYPE: 2 new townhouses

LOAN AMOUNT: $717,000

PURCHASE: $160,000

REHAB: $520,000

BORROWER CASH IN DEAL: owns free and clear

ARV: $1,320,000 ($660,000 per unit)

LTV: 54.3%