Borrower requested a $56,000 loan to purchase an $80,000, 3 bed 2 bath, single-family home in Ocala Florida. The property is set to undergo a $45,000 remodel, including a new roof and AC replacement along with a full cosmetic remodel, before being sold for a profit.
Collateral:
Type: Fix and Flip
Description:
This is a $305,000 acquisition (land) loan secured by a tear-down single- family property located in Clearwater Beach, Florida. The subject property sits on a 0.16-acre lot (7,083 square feet) in a flood zone. The primary exit strategy for this loan is to build and sell a new construciton property.
- Loan Amount: $305,000
- Date: January 2026
