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 requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
