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: New Construction
Description:
Borrower requested a $425,000 loan to begin construction on a single-family property in Lakeland, Florida. The property will feature 4 beds and 3 baths at 3,727 sq/ft. The target sale price for the completed property is estimated $1.1 million.
- Loan Amount: $425,000
- Date: September 2024