Borrower requested a $150,000 loan, to purchase a fix and flip, single family property in Valrico, FL. The property was in the process of being remodeled by another contractor who had a partnership dispute and is fire selling the property before the remodel is finished. Borrower plans to use $30,000 of his own cash to complete the remaining remodel
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
