Borrower requested a $50,000 loan to refinance a single-family property in Orlando, Florida. The borrower paid $250,000 for the property and has a $50,000 construction budget planned. The property features 4 beds and 2 baths at 1611 sq/ft. The borrower plans to sell property once completion of the rehab is finished.
Collateral:
Type: New Construction
Description:
The borrower requested a $130,000 new construction loan on a single-family property in Spring Hill, FL. The property features a modern layout with 4 bedrooms, 3.5 bathrooms, a 2-car garage, and 2,687 sq. ft. of living space. It is situated on an oversized 0.35-acre lot. The borrower plans to sell the completed property as an exit to the loan.
- Loan Amount: $130,000
- Date: November 2024
