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:
Borrower requested a $155,000 loan to refinance a single-family property in Tampa, Florida. The property features 2 beds and 1 bath at 1,108 sq/ft, and is tenant occupied. The borrower is using proceeds to complete a build at a different location and will sell the other investment property to exit the loan.
- Loan Amount: $155,000
- Date: July 2024