Borrower requested a $120,000 loan to purchase a fix and flip condominium in Bradenton, Florida. The borrower paid $150,000 for the property and has a $37,000 construction budget planned. Borrower plans to sell the property for an estimated ARV of $220,000-$240,000.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request secured by a single-family property located in Odessa, FL. The subject property, built in 2023, features 4 bedrooms, 3.5 bathrooms, and 3,038 square feet of living space. The exit strategy is the sale of the property
- Loan Amount: $100,000
- Date: April 2026
