New Loan Funded

Collateral:

1435 Flanders Dr, Jacksonville, FL 32207

Description:

Borrower requested a $315,000 loan ($245,000 acquisition financing and $70,000 construction financing) to purchase a single-family property in Jacksonville, Florida. The borrower paid $350,000 for the property and has an extensive $140,000 construction budget planned. Borrower is partnering with a licensed general contractor and plans to sell the property for a profit after the renovation is completed.