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:
This is a $60,000 refinance loan request secured by a free-and-clear single-family home located in Lehigh Acres, Florida. The subject property is a 3-bedroom, 1-bathroom residence offering 920 square feet of living space. The primary exit strategy for the loan is repayment through cash flow from business and secondary option is to refinance into a DSCR loan if additional time is needed.
- Loan Amount: $60,000
- Date: October 2025
