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: Fix & Flip
Description:
Borrower requested a $142,000 loan to purchase a single-family property in Weeki Wachee, Florida. The property features 3 beds and 2 baths at 1,516 sq/ft sitting on a 8,800 sq/ft lot. Borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $142,000
- Date: May 2023
