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 $150,000 loan to refinance a single-family property in Odessa, Florida. The property features 4 beds and 4 baths at 4,285 sq/ft. Borrower plans to use the proceeds of this loan to pay off debt and plans to list the property for sale as an exit to this loan.
- Loan Amount: $150,000
- Date: March 2024