Borrower requested a $78,000 loan to purchase a manufactured mobile home property in Hudson, Florida. The borrower paid $157,000 for the property and has a $40,000 construction budget planned. The property is on stilts, raised out of the flood zone per new county code. Borrower plans to lease this property as a short term rental after the renovation is complete.
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.