Borrower requested a $120,000 loan to refinance a single-family property in Tampa, Florida. The borrower purchased the property in 2017 and is in the process of completing a renovation. The property features 3 beds and 2 baths at 1,200 sq/ft. Borrower plans to lease the property as an annual rental after the renovation and refinance 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