Borrower requested a $140,000 loan to purchase a single-family, fix and flip property in Orlando, Florida. The borrower paid $185,000 for the property and has a full remodel planned with a construction budget of $40,000 including a new roof, ac and full cosmetic updates. The property features 3 beds and 2 baths at 1,092 sq/ft and has an estimated ARV of $250,000+.
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
