Borrower requested a $64,000 loan to purchase a single-family property in Winter Haven, Florida. The borrower paid $85,000 for the property that features 2 beds and 1 bath at 950 sq/ft. Borrower plans to sell the property for a profit once the rehab work has been completed.
Collateral:
Type: New Construction
Description:
This is a new construction loan for a single-family residence to be developed in Plant City, Florida. The proposed structure will feature six bedrooms, six bathrooms, and a two-car garage, totaling approximately 3,664 square feet. The primary exit strategy is to sell the completed property.
- Loan Amount: $460,000
- Date: April 2025