Borrower requested a $140,000 loan to purchase a single-family, fix and flip property in Orlando, Florida. The borrower paid $185,000 for the property and has a full remodel planned with a construction budget of $40,000 including a new roof, ac and full cosmetic updates. The property features 3 beds and 2 baths at 1,092 sq/ft and has an estimated ARV of $250,000+.
Collateral:
Type: Refinance
Description:
Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
