Borrower requested a $300,000 loan to purchase a single-family property in Brandon, Florida. The borrower paid $400,000 for the property and has a $16,000 cosmetic rehab budget planned. Borrower aims for a $500,000+ ARV.
Borrower requested a $150,000 loan to refinance a single-family property in St. Pete Beach, Florida. The borrower purchased the property in 2017 for $1,181,000. The property features 3 beds and 3 baths at 2,501 sq/ft. Borrower plans to sell the property in the next 3-6 months as an exit to the loan.