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
Type: Fix and Lease
Borrower requested a $117,000 loan to purchase a single-family property in Fort Myers, Florida. The borrower is paying $167,500 for the property that has suffered hurricane damage in 2022. The property features 3 beds and 2 baths at 1,448 sq/ft. Borrower plans to complete a $62,800 rehab budget out of pocket, before renting the property as an annual rental to refinance as an exit to the loan.