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: Refinance
Description:
This request is for a $400,000 refinance loan secured by a single-family residence located in the Walden Lake Community in Plant City, Florida. The property features three bedrooms, five bathrooms, and an executive office that can also serve as an additional bedroom. The residence offers 4,444 square feet of living space on a 0.37-acre lot and is situated directly on a private golf course. Borrower exit strategy is to refinance into a DSCR loan after liquidating other investments.
- Loan Amount: $400,000
- Date: October 2025