Borrower requested a $66,500 fix and flip loan to purchase a $95,000 single-family property in Tampa, Florida. Borrower is completing a $35,000 remodel with their own capital before aiming to sell for a profit. Renovations will include a new roof, HVAC, and a cosmetic remodel. There is additionally an unpermitted ensuite in the rear of the property. The borrower intends to permit the addition, and increase the living square footage and an additional bed and bathroom.
Collateral:
Type: Refinance
Description:
Borrower is requesting a $325,000 loan secured by a single-family property in Tampa, Florida. The property features 9 bedrooms, 5 bathrooms, 4,010 heated square feet, and sits on a 16,496-square-foot lot while being rented for $9,000 per month. The borrower plans to refinance the loan as exit strategy.
- Loan Amount: $325,000
- Date: September 2026
