Borrower requested a $108,000 loan to purchase a single-family property in Panama City, Florida. The borrower paid $155,000 for the property and has a $22,000 construction budget planned that is primarily cosmetic. The property features 3 beds and 2 baths at 1,215 sq/ft. Borrower plans to sell the property for a profit once the renovation is completed, ARV estimated around $290,000+.
Borrower requested a $150,000 loan to refinance a single-family property in St. Pete Beach, Florida. The borrower purchased the property in 2017 for $1,181,000. The property features 3 beds and 3 baths at 2,501 sq/ft. Borrower plans to sell the property in the next 3-6 months as an exit to the loan.