Borrower requested a $700,000 loan to refinance 3 single-family properties in Palm Bay and
Melbourne Flordia. This refinance will serve as a short-term bridge to long-term debt, once there is seasoning on the new leases.
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