Borrower requested a $112,000 loan to purchase a manufactured property in Tampa, Florida. The borrower paid $160,000 for the property and has a $20,000 construction budget planned. The property features 3 beds, 2 baths at 960 sq/ft. Borrower plans to lease the property after the renovation for a long term hold.
Collateral:
Type: Fix & Flip
Description:
Borrower requested a $142,000 loan to purchase a single-family property in Weeki Wachee, Florida. The property features 3 beds and 2 baths at 1,516 sq/ft sitting on a 8,800 sq/ft lot. Borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $142,000
- Date: May 2023
