Borrower requested a $137,000 loan to purchase a single-family property in Panama City, Florida. The borrower paid $195,000 for the property and has a $27,000 construction budget planned. The property features 4 beds and 2.5 baths at 1840 sq/ft. Borrower plans to sell the property for a profit once the renovation is completed, ARV estimated around $275,000+.
Collateral:
Type: Refinance
Description:
Borrower requested a $150,000 loan to refinance a single-family property in Odessa, Florida. The property features 4 beds and 4 baths at 4,285 sq/ft. Borrower plans to use the proceeds of this loan to pay off debt and plans to list the property for sale as an exit to this loan.
- Loan Amount: $150,000
- Date: March 2024