Borrower requested a $150,000 fix and flip loan to purchase a single family property in Lynn Haven, Florida. Borrower purchased the property for $200,000 and intends to complete a $30,000 remodel with their own capital before selling for a profit. Renovations are primarily cosmetic, completing drywall, updating bathrooms, kitchen, flooring, paint and finishes. Property features 3 beds, 2 baths at 1646 sq/ft and has an estimated ARV between $325k-$350k.
Collateral:
Type: Refinance
Description:
The borrower requested a $300,000 loan to refinance the property located at Larry Rd, Spring Hill, FL. This property has 2 manufactured homes retired to the land. The borrower is pledging additional collateral located at 60th St, Tampa, FL. The borrower has proven liquidity and plans to repay this loan at maturity.
- Loan Amount: $300,000
- Date: March 2025