Borrower requested a $100,000 loan, on a $179,900 purchase, pledging a fix and flip property in Tampa, Florida as collateral. The property is undergoing a cosmetic renovation, estimated around $26,000. The borrower’s occupation has been in construction management over the last 13 years, and has extensive fix and flip experience.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
