Borrower requested a $370,000 loan to purchase a single-family, fix and flip property in Ruskin, Florida. The borrower paid $300,000 for the property and has a $70,000 construction budget planned. The property features 4 beds and 3 baths at 2,766 sq/ft and the borrower additionally pledged a cashflowing single family rental in Tampa as collateral to the loan. Borrower plans to sell the property once completed with the rehab.
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
