Borrower requested a $135,000 loan to refinance a single-family property in St. Petersburg, Florida. Borrower purchased the property for $42k in 2013, and has since fully remodelled the home, and lived in it. Borrower is now moving out of the home and plans to rent the property for an annual rental. The property features 2 beds and 2 baths at 1,318 sq/ft.
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
