Borrower requested a $94,500 loan to purchase a fix and flip single family property in Gulfport, Florida. The property was purchased for $134,990 and the borrower plans to self perform and fund a full renovation estimated around $40,000. The property has had a new roof replacement in 2020.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025