Borrower requested a $94,500 loan to purchase a fix and flip single family property in Gulfport, Florida. The property was purchased for $134,990 and the borrower plans to self perform and fund a full renovation estimated around $40,000. The property has had a new roof replacement in 2020.
Collateral:
Type: Fix & Flip
Description:
The borrower requested a $238,000 loan for a single-family residence in Tampa, Florida. The property features a 2 bedroom, 1.5-bathroom home totalling 1,800 square feet with a one-car garage built in 1921. The borrowers are financially positioned to refinance the property if it does not sell at their projected price point of $600,000 or higher.
- Loan Amount: $238,000
- Date: January 2025