Borrower requested a $137,000 loan to purchase a single-family property in Panama City, Florida. The borrower paid $195,000 for the property and has a $27,000 construction budget planned. The property features 4 beds and 2.5 baths at 1840 sq/ft. Borrower plans to sell the property for a profit once the renovation is completed, ARV estimated around $275,000+.
Collateral:
Type: Refinance
Description:
Borrower requested a $130,000 loan to refinance a single-family property in Clearwater, Florida. The property features 3 beds and 2 baths at 1,858 sq/ft. The borrower has the property listed for sale and will sell the property as an exit to the loan.
- Loan Amount: $130,000
- Date: April 2024