Borrower requested a $170,000 loan to perform a cash out refinance on a free and clear property in Tampa, Florida. The borrower is using the cash to purchase another investment property, and has recently completed a full remodel on the collateralized property.
Collateral:
Type: Fix & Flip
Description:
Borrower requested a $142,000 loan to purchase a single-family property in Weeki Wachee, Florida. The property features 3 beds and 2 baths at 1,516 sq/ft sitting on a 8,800 sq/ft lot. Borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $142,000
- Date: May 2023
