Borrower requested $105,000 loan to purchase a $151,000 manufactured mobile home property on 3.85 acres in Zephyrhills. Borrower intends to build 13 new construction homes on the land and will exit the loan with construction to perm loan.
Collateral:
Type: Fix & Flip
Description:
The borrower requested a $130,000 fix-and-flip loan secured by a single-family home in Pensacola, FL. The property currently features 3 bedrooms, 2 bathrooms, and 1,328 square feet of living space on a 1-acre lot. The borrower is also collateralizing a separate, free-and-clear single-family home. This property, built in 1992, sits on 0.42 acres and includes 3 bedrooms, 2 bathrooms, and 1,431 square feet of living space. The borrower’s exit strategy is to sell the property.
- Loan Amount: $130,000
- Date: May 2026
