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: Fix and Lease
Description:
Borrower requested a $1,319,000 loan to purchase a single-family property in Naples, Florida. The borrower is additionally pledging a free and clear property in Tampa Fl as collateral for the loan. The borrower will be selling the San Rafael property as an exit to the loan.
- Loan Amount: $1,319,000
- Date: November 2023