Borrower requested a $60,000 loan to purchase a single-family, fix and flip property in Daytona Beach, Florida. The borrower paid $85,000 for the property and has a full remodel planned with a construction budget of $40,000, including a new roof, ac, and full cosmetics. The property currently features 1 bed and 1 bath at 704 sq/ft and has an estimated ARV of $170,000-$180,000 after adding a second bedroom.
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
