Borrower requested a $168,000 loan to purchase a single-family property in Plant City, Florida. The borrower paid $176,000 for the property and has a $45,000 construction budget planned which includes a new roof, ac, electrical and a full cosmetic remodel. Borrower is deciding between a fix and flip or a long term rental and has experience with both exit strategies.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025