Borrower requested a $675,000 loan to purchase a single-family property in Odessa, Florida. The borrower is additionally pledging a single family home located on Belle Meade Blvd, Odessa, FL. The Armistead property features 4 beds and 3 baths at 4,048 sq/ft on a 0.64-acre lot. The borrower plans to sell the property after the renovation to exit the loan.
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