Borrower requested a $150,000 loan, to purchase a fix and flip, single family property in Valrico, FL. The property was in the process of being remodeled by another contractor who had a partnership dispute and is fire selling the property before the remodel is finished. Borrower plans to use $30,000 of his own cash to complete the remaining remodel
Collateral:
Type: Fix and Lease
Description:
This request is for a $160,000 refinance loan , secured by a quadplex located in Lakeland, FL. The property, built in 1954, consists of four 2-bedroom, 1-bathroom units, each approximately 600 sq. ft., totaling 2,400 sq. ft. of heated living area, with four separate electrical meters and individual water connections. Borrower preferred exit strategy is to refinance.
- Loan Amount: $160,000
- Date: December 2025
