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.
Type: Fix and Lease
Borrower requested a $117,000 loan to purchase a single-family property in Fort Myers, Florida. The borrower is paying $167,500 for the property that has suffered hurricane damage in 2022. The property features 3 beds and 2 baths at 1,448 sq/ft. Borrower plans to complete a $62,800 rehab budget out of pocket, before renting the property as an annual rental to refinance as an exit to the loan.