Borrower requested a $133,000 fix and flip loan to purchase a $190,000 single-family property in Tampa, Florida. Borrower is completing a $25,000 remodel with their own capital before aiming to sell for a profit. Renovations will be cosmetic, as the 4 points (Roof/AC/Electrical/Plumbing) are to be in good condition.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
