Borrower requested a $135,000 loan to purchase a single family home in Lecanto, Florida. The borrower paid $180,000 for the property that features 3 beds and 2 bath’s at 1,550 sq/ft. Borrower plans to complete the renovation and then sell the property once finished.
Collateral:
Type: Refinance
Description:
Borrower requested a $85,000 loan to refinance a single-family fix and flip property in Sanford, Florida. The property will feature 3 bedrooms, 2 bathrooms, and 1,242 square feet of living space upon completion. The home sits on a desirable double lot totaling 0.48 acres and overlooks a pond. The borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $85000
- Date: January 2025