Borrower requested a $50,000 loan to purchase a $91,900 property in Zephyrhills, Florida that features both a manufactured home & single family structure on the lot. The property is set to undergo a $34,000 remodel that the borrower is using their personal capital to perform.
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