Borrower requested a $115,500 loan to purchase a single family property in Brandon, Florida. The property is being purchased for $165,000 with the intent of completing a $43,000 remodel before selling the home for a profit. Improvements include a new HVAC system, and a complete cosmetic upgrade.
Collateral:
Type: Refinance
Description:
This is a $155,000 refinance loan request, secured by a single-family residence located in Jacksonville, Florida. The subject property is a 3-bedroom, 2-bathroom home with 1,545 square feet of living area, a 1-car garage and an inground pool. The borrower will list the property for sale as the exit strategy to repay the loan in full.
- Loan Amount: $155,000
- Date: September 2025