Borrower requested a $78,400 loan, to purchase a single-family, fix and flip property in Gainesville, Florida. Borrower plans to complete a 30 day renovation before selling the property for a profit. Borrower is an experienced investor.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025