Borrower requested a $161,000 loan to purchase a single-family fix and flip property in Gulfport, Florida. Borrower paid $229,000 for the property and has a $49,000 construction budget planned. The construction will be funded out of the borrowers pocket, and will include a full cosmetic renovation. The property has an ARV around $305,000-$330,000.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $200,000 loan secured by a 3/2 single-family home. The borrower’s exit strategy is to refinance into a DSCR loan once the property has established rental history.
- Loan Amount: $200,000
- Date: June 2026
