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 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
