Borrower requested a $100,000 loan to purchase a single-family fix and flip property in Dover, Florida. The borrower is purchasing the property from a probate sale, negotiating the final liens with the city for a final settlement to clear the title. The borrower has an extensive $95,000 construction budget planned including a new roof, ac and complete cosmetic renovation. Borrower plans to sell the property for a profit once the renovations are complete.
Borrower requested a $150,000 loan to refinance a single-family property in St. Pete Beach, Florida. The borrower purchased the property in 2017 for $1,181,000. The property features 3 beds and 3 baths at 2,501 sq/ft. Borrower plans to sell the property in the next 3-6 months as an exit to the loan.