Borrower requested a $75,000 loan to purchase a manufactured home in Lakeland, Florida. The borrower paid $117,900 for the property and has a $27,500 construction budget planned. The property features 3 beds and 1 baths at 1,440 sq/ft. Borrower plans to lease the property for as an annual rental after the renovation and refinance as an exit to the loan.
Borrower requested a $150,000 loan to refinance a single-family property in St. Pete Beach, Florida. The borrower purchased the property in 2017 for $1,181,000. The property features 3 beds and 3 baths at 2,501 sq/ft. Borrower plans to sell the property in the next 3-6 months as an exit to the loan.