Borrower requested a $130,000 loan to purchase a single-family property fix and flip property in Tampa, Florida. The borrower paid $190,000 for the property and has a $45,000 cosmetic construction budget planned including a full kitchen and bathroom remodel. Age of the roof and AC are 2018. Borrower plans to list the property for sale with an estimated ARV around $300,000-$325,000.
Collateral:
Type: New Construction
Description:
Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.
- Loan Amount: $110,000
- Date: July, 2026
