Borrower requested a $440,000 loan to purchase a single-family property in Wesley Chapel Florida. The borrower paid $550,000 for the property and has a $337,000 construction budget planned to complete a stalled new construction project from the seller. Borrower is part owner of a construction company and will be performing the work himself using the previous owner’s plans.
Type: Fix and Lease
Borrower requested a $150,000 loan to purchase a manufactured property in Tampa, Florida. The manufactured home was built in 2017 and features 3 beds and 2 baths at 1,512 sq/ft sitting on a 1.24 acre lot. Borrower intends to refinance the loan.