Very experienced borrower requested a $126,000 loan to purchase a single family fix
and flip property in Pinellas Park, FL. The property needs of a full $75,000 remodel, including a
new roof, AC, electrical, plumbing and full cosmetic updates.
Collateral:
Type: Refinance
Description:
This is a $100,000 refinance loan request at 50% loan-to-value (LTV), secured by a Lake Worth, Florida condominium unit. The property has two bedrooms, two and a half bathrooms, and approximately 1,500 square feet of living space. Borrower plans to complete the renovation and exit the loan through a conventional property sale.
- Loan Amount: $100,000
- Date: June 2025