Borrower requested a $100,000 loan to purchase a single-family fix and flip property in Dover, Florida. The borrower is purchasing the property from a probate sale, negotiating the final liens with the city for a final settlement to clear the title. The borrower has an extensive $95,000 construction budget planned including a new roof, ac and complete cosmetic renovation. Borrower plans to sell the property for a profit once the renovations are complete.
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