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:
Borrower requested a $125,000 loan to refinance a single-family property located in Deltona,
Florida. The property features 4 beds and 2 baths at 1,668 sq/ft. The property is currently leased as an annual rental. Borrower plans to refinance as an exit to the loan.
- Loan Amount: $125,000
- Date: September 2023
