Borrower requested a $100,000 loan to refinance a single-family property in Bradenton, Florida. The property features 2 beds and 1 bath at 910 sq/ft. The borrower plans to complete a renovation, lease the property as an annual rental, and secure a DSCR loan as an exit.
Collateral:
Type: Refinance
Description:
Borrower requested a $85,000 loan to refinance a single-family fix and flip property in Sanford, Florida. The property will feature 3 bedrooms, 2 bathrooms, and 1,242 square feet of living space upon completion. The home sits on a desirable double lot totaling 0.48 acres and overlooks a pond. The borrower plans to list the property for sale after the renovation as an exit to the loan.
- Loan Amount: $85000
- Date: January 2025