Borrower requested a $243,500 loan to purchase a single family fix and flip property in Ocala, FL. The borrower has a $60,000 planned construction budget to renovate the property and then operate the property as an Airbnb before refianancing as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $165,000 loan to refinance a new construction single-family property in Fort Lauderdale, Florida. The property will feature 3 beds and 2 baths at 1,490 sq/ft with a 430 sq/ft two-car garage. The borrower plans to sell the property as an exit to the loan.
- Loan Amount: $165,000
- Date: April 2024
