Borrower requested a $112,000 loan to purchase a single family, fix and flip property in Hudson, Florida. The property was being purchased for $160,000 and the borrower has a $47,500 remodel planned including a new roof, full kitchen & bathroom remodel along with paint and flooring and more. Borrower plans to self perform and fund the remodel and then sell for a profit.
Collateral:
Type: Fix & Flip
Description:
Borrower requested a $142,000 loan to purchase a single-family property in Weeki Wachee, Florida. The property features 3 beds and 2 baths at 1,516 sq/ft sitting on a 8,800 sq/ft lot. Borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $142,000
- Date: May 2023
