Baltimore Ave
A major 203(k) rehabilitation was finished by Matrix Company Solutions Corp located at Baltimore Ave, Philadelphia.
This was a project in which an investor converted a two-story house into a two-unit property suitable for an investor to be a landlord with a 203(k) loan.
Project at a glance
- Location: Baltimore Ave, West Philadelphia, Philadelphia, PA
- Project type: 203(k) single-family to two-unit conversion
- Financing: FHA 203(k) renovation loan
- Scope of work: Two-story house converted into a two-unit rental for an investor using a 203(k) loan
- Contractor: MatrixGC (Matrix Company Solutions Corp), licensed Philadelphia contractor #43984
How a 203(k) project like this works
With an FHA 203(k) loan, the purchase (or refinance) and the renovation are financed together in one mortgage. We prepare the itemized bid the lender and HUD consultant review, pull the City of Philadelphia permits, and are paid in draws as each phase passes inspection, so the buyer is never paying out of pocket for unfinished work.
Related services
203(k) renovation contractor · Kitchen remodeling · Bathroom remodeling · General contractor in West Philadelphia · Philadelphia general contractor