Borrower requested a $155,000 loan to refinance a single-family property in Plantation, Florida. The borrower paid $600,000 for the property in January 2022, and is refinanced to pull cash out with the intent to renovate another investment properly owned The property features 3 beds and 2 baths at 1,787 sq/ft.
Collateral:
Type: Refinance
Description:
Borrower requested a $85,000 loan to refinance a single-family fix and flip property in Sanford, Florida. The property will feature 3 bedrooms, 2 bathrooms, and 1,242 square feet of living space upon completion. The home sits on a desirable double lot totaling 0.48 acres and overlooks a pond. The borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $85000
- Date: January 2025