Description: Borrower requested a $32,000 loan to purchase a manufactured mobile home, fix and flip property in Tarpon Springs, Florida. The property was purchased for $54,000 and the borrower has a $25,000 cosmetic remodel planned including a full kitchen & bathroom remodel along with paint and flooring. Borrower plans to complete the remodel and 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
