Borrower requested a $307,500 loan to purchase a fix and flip, single-family property in St. Petersburg Fl. Borrower plans to perform an extensive renovation, updating the 4 points while executing a full cosmetic upgrade. Borrower plans to sell the property for a profit after the renovation is complete.
Collateral:
Type: Refinance
Description:
This request is for a $110,000 refinance loan secured by a single-family residence located in Palmetto, Florida. The subject property was built in 2001 and consists of a 3-bedroom, 2-bathroom home with 1,060 square feet of living area and a one-car garage. Borrower will refinance as the loan’s exit strategy.
- Loan Amount: $110,000
- Date: January 2026
