Borrower requested a $280,000 loan to purchase a single-family property in Tampa, Florida, additionally pledging a free and clear property as collateral for the loan. The property features 3 beds and 1 bath at 864 sq/ft sitting on a 0.23 acre lot. Borrower plans to sell the property as an exit to the loan.
Collateral:
Type: Fix and Flip
Description:
Borrower requested a $127,000 loan to purchase a single-family property in Panama City, Florida. The property features 3 beds and 3 baths at 1,806 sq/ft. The borrower plans to list the property for sale after the renovation and sell it as an exit to the loan
- Loan Amount: $127,000
- Date: August 2024