Borrower requested a $120,000 loan to purchase a fix and flip condominium in Bradenton, Florida. The borrower paid $150,000 for the property and has a $37,000 construction budget planned. Borrower plans to sell the property for an estimated ARV of $220,000-$240,000.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024
