Borrower requested a $155,000 loan to purchase a single-family, fix and flip property in Tampa, Florida. The borrower paid $221,111 for the property and has a $30,000 construction budget planned. The borrower plans to list the property for $325,000 after the renovation and sell as an exit to the loan.
Collateral:
Type: New Construction
Description:
Borrower requested a $165,000 loan to refinance a new construction single-family property in Fort Lauderdale, Florida. The property will feature 3 beds and 2 baths at 1,490 sq/ft with a 430 sq/ft two-car garage. The borrower plans to sell the property as an exit to the loan.
- Loan Amount: $165,000
- Date: April 2024
