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.
Collateral:
Type: New Construction
Description:
This is a $200,000 new construction loan request secured by a single-family new construction project in Tampa, FL. The subject property will feature 3 bedrooms and 2 bathrooms, a 1-car garage with 1,176 square feet of living space. The borrower plans to refinance the property as an exit to this loan.
- Loan Amount: $$200,000
- Date: May 2026
