This is a $150,000 refinance loan request, with $130,000 to be disbursed at closing, secured by a newly installed manufactured mobile home located in Crystal River, Florida. The borrower has installed a brand-new 4-bedroom, 2-bathroom mobile home totaling 1,768 square feet on a 0.24-acre lot. Upon Completion of the septic tank, the borrower plans to list the property for sale and may pursue refinancing as a secondary exit strategy.
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
