Description: Borrower requested a $32,000 loan to purchase a manufactured mobile home, fix and flip property in Tarpon Springs, Florida. The property was purchased for $54,000 and the borrower has a $25,000 cosmetic remodel planned including a full kitchen & bathroom remodel along with paint and flooring. Borrower plans to complete the remodel and sell for a profit.
Collateral:
Type: Refinance
Description:
Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
