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:
Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
