Borrower requested a $154,000 loan to purchase a single family property in New Port Richey, Florida. The borrower is paid $205,000 for the property and has o $35,000 construction budget planned which will be paid out of pocket and includes primary cosmetic updates. The property features 3 beds and 1.5 baths at 1,511 sq/ft. The estimated ARV (after repair value) is between $275,000- $285,000.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
