Borrower requested a $112,000 loan to purchase a single family, fix and flip property in Hudson, Florida. The property was being purchased for $160,000 and the borrower has a $47,500 remodel planned including a new roof, full kitchen & bathroom remodel along with paint and flooring and more. Borrower plans to self perform and fund the remodel and then sell for a profit.
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
