Borrower requested a $108,000 loan to purchase a duplex property in Auburndale, Florida. The borrower paid $145,000 for the property and has a $21,000 construction budget planned. The property features 2 units each with 1 bed and 1 bath at 540 sq/ft. Borrower plans to complete the renovation and then sell the property once completed.
Collateral:
Type: Fix and Lease
Description:
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.
- Loan Amount: $150,000
- Term: 1 Year
- Date: March 2023