Borrower requested a $105,000 loan to purchase a single-family property in Jacksonville, Florida The borrower paid $140,000 for the property and plans to do simple paint and clean up and flip it. The property features 3 beds and 2 baths at 1,324 sq/ft. Due to the borrower’s connectivity in the marketplace she was able to purchase below value. The property has a recent ARV appraised value of $278,000. Borrower plans sell as an exit to the loan.
Collateral:
Type: Refinance
Description:
The borrower is requesting a $125,000 first-lien refinance secured by a vacant lakefront parcel located on Lakeside Dr.,Lutz, FL. The collateral consists of a 0.42-acre irregular-shaped unimproved lot with approximately 80 linear feet of direct frontage on a private ski lake. The borrower’s exit strategy is an o sale of the subject parcel.
- Loan Amount: $125,000
- Date: September 2026
