Borrower requested a $500,000 loan to purchase a single-family, fix and flip property in Dunedin, Florida. The borrower paid $665,000 for the property and has an $80,000 construction budget planned. The renovation will include a roof and AC replacement with a complete cosmetic upgrade. The property features 3 beds and 2 baths at 1,796 sq/ft.
Collateral:
Type: Fix and Lease
Description:
Borrower requested a $1,319,000 loan to purchase a single-family property in Naples, Florida. The borrower is additionally pledging a free and clear property in Tampa Fl as collateral for the loan. The borrower will be selling the San Rafael property as an exit to the loan.
- Loan Amount: $1,319,000
- Date: November 2023
