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: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
