Borrower requested a $138,600 fix and flip loan to purchase a $198,000 single family property in Panama City, Florida. Borrower intends to complete a $22,000 remodel before aiming to sell for a profit. Renovations are cosmetic, updating bathrooms, flooring, paint and kitchen. The borrower is a licensed real estate broker, and has completed multiple recent projects within Panama City.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025