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: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
