Borrower requested a $180,000 loan to purchase a single-family property in Sulphur Springs, Florida. The borrower paid $240,000 for the property and has a $30,000 construction budget planned. The property features a main home with 4 beds and 2 baths at 1,441 sq/ft with an additional 250 sq/ft, 1 bed 1 bath dwelling at the rear.
Collateral:
Type: Fix & Flip
Description:
The borrower requested a $130,000 fix-and-flip loan secured by a single-family home in Pensacola, FL. The property currently features 3 bedrooms, 2 bathrooms, and 1,328 square feet of living space on a 1-acre lot. The borrower is also collateralizing a separate, free-and-clear single-family home. This property, built in 1992, sits on 0.42 acres and includes 3 bedrooms, 2 bathrooms, and 1,431 square feet of living space. The borrower’s exit strategy is to sell the property.
- Loan Amount: $130,000
- Date: May 2026
