The borrower requested a $360,000 refinance loan for a duplex located in Fort Lauderdale, Florida. The building comprises two units, each offering three bedrooms, 2.5 bathrooms, and 1,448 square feet of living space. The borrower can refinance as an exit strategy but may also consider selling the property depending on the price the market will generate.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
