The borrower requested a $250,000 loan to complete a new construction project in Saint Petersburg, Florida. The property will feature 3 beds and 2 baths at 1,500 sq/ft with a detached garage and ADU with 672 sq/ft and 1 bed 1 bath. The borrower plans to sell the property upon completion as an exit to the loan.
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