Borrower requested a $1,000,000 loan to refinance a new construction, single-family property in Odessa, Florida. The property features 4 beds and 4.5 baths at 4,190 sq/ft sitting on a 2.66 acre lot. Borrower plans to lease the property before listing for sale as an exit to 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