Borrower requested a $34,000 loan, to purchase a $58,000 fix and flip, manufactured mobile home in Lakeland, FL. The borrower is planning a $30,000 remodel which will include a new HVAC system, septic tank, exterior siding, and a complete cosmetic update of the home. The roof and foundation/subfloor are in good condition.
Collateral:
Type: Fix and Lease
Description:
The borrower has requested a $242,000 loan to purchase a townhome in Wesley Chapel, Florida. The home was completed in 2025 and features 3 bedrooms, 2.5 bathrooms, and approximately 2,132 square feet of living space across two stories. The property also includes a two-car garage. As an exit strategy, borrower intends to refinance the property.
- Loan Amount: $242,000
- Date: June 2026
