Borrower requested a $150,000 loan, to purchase a $287,500 fix and flip, single family property in Seminole, FL. The borrower is planning a $40,000 remodel which will include a new HVAC system, an addition of a 3rd bedroom, and a complete cosmetic update of the home.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
